Consultation Paper on use of liquid mutual funds for deposit requirement by Investment Advisers and Research Analysts

SEBI has issued a Consultation Paper on use of liquid mutual funds for compliance with deposit requirement by Investment Advisers and Research Analysts. The objective of the consultation paper is to seek comments from public on proposal to provide flexibility to provide units of liquid mutual funds along with the fixed deposit by Investment Advisers (IAs) and Research Analysts (RAs) for compliance with the deposit requirements under SEBI (Investment Advisers) Regulations, 2013 (‘IA Regulations’) and SEBI (Research Analysts) Regulations, 2014 (‘RA Regulations’) respectively. SEBI has invited comments on the proposals.