Sebi comes up with advertisement code for Investment Advisers, Research Analysts
By MYBRANDBOOK
The market regulator, the Securities and Exchange Board of India (Sebi) has introduced an advertisement code for investment advisers and research analysts whereby they have been prohibited from issuing statements which may mislead investors as well as from using superlative terms in their advertisements.
Sebi has also restrained the advisers and research analysts from using complex language in an advertisement.
According to the watchdog, advertisements by Investment Advisers (IAs) and Research Analysts (RAs) should not contain superlative terms such as "best, No 1, top adviser/research analyst, leading".
However, factual details of any award received by them can be included.
new code will be effective from May 1, it is targeted to strengthen the conduct of IAs and RAs.
Coming out with an exhaustive code, Sebi said that advertisements should not contain statements, which are false, misleading and based on assumptions, any statement designed to exploit the lack of experience and knowledge of investors, The advertisements should not also have any promise of assured return to investors, reference of past performances of IA and RA as well as use of Sebi logo.
Also, Sebi has refrained them from "extensive use of technical or legal terminology or complex language and the inclusion of excessive details, which may distract the investors" in the advertisement.
Besides, copies of advertisements should be retained by them for a period of five years.
IA and RA are not allowed to be involved in games, leagues and competition, which involves distribution of prize money, gifts and medals, Sebi said. The advertisement issued by them must contain their names, logo, office address, registration numbers.
There should also be the standard warning in legible font stating "investment in securities market are subject to market risk. Read all related documents carefully before investing".
Sebi noted that there should not be any addition or deletion of words from the standard warning.
In case the mode of advertisement is SMS/message/pop-up and the details such as full name, logo, registered office, registration number and standard disclaimer are not mentioned, then the official website/ hyperlink should be mentioned in such SMS/message and the website must contain all such details.
The IA and RA must obtain prior approval from the Sebi-recognised supervisory body -- BSE Administration and Supervision in case of IAs.
In case of suspension by Sebi, the IA and RA concerned should not issue any advertisement either single or jointly during the suspension period.
BREAKING NEWS
TECHNO TRENDS
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
E-Magazine
TECHNOTAINMENT
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
MOVERS & SHAKERS
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
Nium Appoints Alexandra Johnson appoints as Chief Payments Off
Nium, the leader in real-time cross-border payments, today announced the ap
OPEN YOUR EYES
INTERVIEWS
Cisco committed to help build trusted, resilient future for or
Cisco is delivering on its promise of the AI-driven Cisco Security Cloud to
IceWarp positioning itself as a disruptor in the Email and col
Post pandemic, the digital evolution has evolved. With most organizations a
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
LENOVO GROUP LTD.
OPTIEMUS INFRACOM
JUVAS SOLUTIONS PVT. LTD.
ZOHO CORPORATION PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: B.V.R. Subrahmanyam
B.V.R. Subrahmanyam belongs to Andhra Pradesh. He is a 1987-batch IAS ...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
Technology Icons Of India 2023: Rajeev Chandrasekhar
Rajeev Chandrasekhar is the Union Minister of State for Electronics an...
PARTNER SPEAKERS
PSU
C-DOT enabling India in indigenous design, development and production of telecom technologies
An autonomous telecom R&D centre of Government of India, Center of Dev...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
VIDEOS
Top 25 Brands
Value-Added Distribution
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
IRIS GLOBAL SERVICES PVT. LTD.
Iris Global services is one of the leading distribution houses that d...
EXCLUSIVE NETWORKS SALES INDIA PVT. LTD.
Exclusive Networks is a globally trusted cybersecurity specialist hel...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
