SEBI revises investment adviser guidelines, expands client limits & AI tool use

The Securities and Exchange Board of India has introduced new regulations for investment advisers (IAs), including the option for "part-time investment advisers" who can provide advice while maintaining other business roles.

Such advisers can serve up to 75 clients and must clearly identify themselves as "part-time" in client communications. 

SEBI has also lowered qualification requirements, allowing those with a graduate degree and relevant certification to qualify.

Additionally, client caps for individual Registered investment advisors (RIAs) have been increased to 300. AI usage by advisers also needs to be disclosed. Full responsibility for data security remains with the adviser.