14
Aug
#SEBI #InvestmentAdvisers #ResearchAnalysts #LiquidFunds #OvernightFunds #FinanceNews #MarketUpdate #InvestorProtection #MutualFunds #IndiaMarkets Mumbai: In a move to provide more flexibility to market intermediaries, the Securities and Exchange Board of India (SEBI) has allowed Investment Advisers (IAs) and Research Analysts (RAs) to meet their deposit requirements using liquid and overnight mutual funds, in addition to fixed deposits (FDs) with scheduled banks. Earlier, the deposit had to be maintained strictly in the form of a fixed deposit marked as a lien in favour of the respective supervisory bodies — the Investment Adviser Administration and Supervisory Body (IAASB) or the Research Analyst Administration and Supervisory…