compliance simplified

BASL Membership registration by  Individual Investment Adviser as Non Individual Investment Adviser.

Notice No. : 20220504-01

Notice Dated : 04/05/2022 

Sub. : BASL Membership registration by  Individual Investment Adviser as Non Individual Investment Adviser.

Attention of BASL members is drawn to SEBI Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 23, 2020 in context to Guidelines for Investment Advisers. 

As per clause (v) of the said SEBI circular individual Investment Advisers (IAs) are required to apply for registration as non-individual investment adviser on or before reaching 150 clients. Such BASL members need to note that before applying for registration as non-individual investment adviser with SEBI they need to obtain membership with BASL as non-individual investment adviser and then approach SEBI for further registration process.  The procedure for obtaining BASL membership by aforesaid BASL members would be as per the standard operating process mentioned in BASL circular no.  20210621-01 dated June 21, 2021 applicable to new applicants desirous of obtaining membership as Investment Adviser.  

 

Further BASL members shall be required to report their number of clients to BASL on a periodic basis as informed by BASL from time to time. 

As part of current compliance BASL members are advised to submit report of their number of clients in below mentioned format vide email to compliance.ria@bseasl.com. The said details are required to be submitted by Monday, May 09, 2022.

BASL Member Details  :  

BASL

Application

/ Case ID

BASL

Membership

ID

Name of the

Investment

Advisor/Entity Name

SEBI

Registration No.

Date of

SEBI

Registration

No. Of Branches

Name of the

Principal Officer

Registered

Office

Address

Name of the

Compliance Officer

Contact No.

Contact

Email ID

 

 

 

 

 

 

 

 

 

 

 

BASL Member Client Reporting Details : 

Sr. No.

Date (as on date)

Financial Year

No. of clients

Date on which No. of clients exceeded 150 (if any)

01.

30/09/2021

2021-2022

 

 

02.

31/03/2022

2021-2022

 

 

03.

30/04/2022

2022-2023

 

 

 

In case of any clarification members may contact following officials :

Name of Official

Contact No.

Ms. Vidhi Rustagi

9999802957

Ms. Manjiri Nimkar

9867241256

Ms. Shraddha Shah 

9920848684

Ms. Diksha Jha 

8767902851