Securities and Exchange Board of India (Investment Advisers) (Third Amendment) Regulations, 2021

THE GAZETTE OF INDIA
EXTRAORDINARY
PART III – SECTION 4
PUBLISHED BY AUTHORITY
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 3 rd August, 2021
SECURITIES AND EXCHANGE BOARD OF INDIA (INVESTMENT ADVISERS) (THIRD AMENDMENT) REGULATIONS, 2021 No. SEBI/LAD-NRO/GN/2021/34. – In exercise of the powers conferred by sub-section (1) of section 30 read with clause (b) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, namely, –

1. These Regulations may be called the Securities and Exchange Board of India
   (Investment Advisers) (Third Amendment) Regulations, 2021.
2. They shall come into force on the date of their publication in the Official Gazette
3. In the Securities and Exchange Board of India (Investment Advisers) Regulations,
   2013,-
   I. In sub-regulation (1) of regulation 2,
   i. clause (aa) shall be numbered as clause (ac).
   ii. after clause (a) and before clause (ac), the following clauses shall be
   inserted, namely, –
   “(aa) “accreditation agency” shall have the same meaning as assigned to it in clause (aa) of sub-regulation (1) of regulation 2 of the Securities

and Exchange Board of India (Alternative Investment Funds) Regulations, 2012; (ab) “accredited investor” shall have the same meaning as assigned to it under clause (ab) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;”
II. In Regulation 15A, after the word “client” and before the word “in”, the words
and symbol “, including an accredited investor” shall be inserted. Sd/- AJAY TYAGI CHAIRMAN SECURITIES AND EXCHANGE BOARD OF INDIA Footnote:

1. The Securities and Exchange Board of India (Investment Advisers) Regulations, 2013
   were published in the Gazette of India on January 21, 2013 vide No. SEBI/LAD￾NRO/GN/2012-13/31/1778.
2. The Securities and Exchange Board of India (Investment Advisers) Regulations, 2013
   were subsequently amended on, –
   (1) 23 rd May, 2014 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2014 vide LAD-NRO/GN/2014-15/03/1089. (2) 8 th December, 2016 by the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016 vide No. SEBI/LAD-NRO/GN/2016-17/023. (3) 17 th April, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide No. SEBI/LAD￾NRO/GN/2020/10.

(4) 3 rd July, 2020 by the Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2020 vide No. SEBI/LAD￾NRO/GN/2020/22. (5) 11 th January, 2021 by the Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2021 vide No. SEBI/LAD￾NRO/GN/2021/04. (6) 16 th March, 2021 by the Securities and Exchange Board of India (Investment Advisers) (Second Amendment) Regulations, 2021 vide No. SEBI/LAD￾NRO/GN/2021/11.