Sebi cancels registrations of 8 investment advisers for non-payment of renewal fees

What happened: Sebi cancelled the registrations of 8 investment advisers for non-payment of renewal fees, according to the headline. The supplied content otherwise describes a revised Sebi framework for digital KYC onboarding of overseas clients. Key numbers: 8 investment advisers deregistered. Revised framework effective December 3. Why it matters: The revised framework is aimed at simplifying onboarding and easing compliance for overseas investors, allowing digital KYC submission for individual PROI clients in FATF-compliant countries without physical presence in India.

Sebi cancelled the registrations of 8 investment advisers for non-payment of renewal fees, according to the headline. The supplied content otherwise describes a revised Sebi framework for digital KYC onboarding of overseas clients.

The revised framework is aimed at simplifying onboarding and easing compliance for overseas investors, allowing digital KYC submission for individual PROI clients in FATF-compliant countries without physical presence in India.