Sebi to introduce 'light-touch' penalty for investment advisers, boost ecosystem

• Sebi plans a standardised 'light-touch' penalty structure for investment advisers (IAs) to encourage compliance and ensure fairness.
• The regulator is developing 'SEBI SETU', a digital platform for end-to-end regulatory guidance for IAs, from registration to compliance.
• A common advertisement code for all intermediaries is being prepared to reduce operational challenges and improve communication consistency.
• Sebi Chairman Tuhin Kanta Pandey expressed concern over the declining number of registered IAs, warning against unregulated influencers.
• A working group is reviewing the regulatory framework for Mutual Fund Distributors (MFDs) and potential overlaps with IAs.