BSE establishes an entity to oversee and administer the activities of registered investment advisors.

On Friday, the leading stock exchange BSE announced the establishment of a wholly-owned subsidiary business, BASL, for the administration and supervision of all SEBI-registered investment advisors.

The exchange stated in a statement that the business, BSE Administration & Supervision Ltd (BASL), has been recognised by SEBI to administer and supervise investment advisors (IAs) registered with the regulator. It began operations on June 1.

All existing SEBI-registered investment advisors and all applicants seeking registration as investment advisors will be obliged to join BASL.

BSE Managing Director and CEO Ashishkumar Chauhan said, “We thank SEBI for reposing its faith in the BSE to administer and supervise investment advisors. Investment advisory has become a key segment for capital market investors.”

He noted that with the advancement of technology, advising services have progressed from personalised to sophisticated robo advising.

The BSE’s nearly 146-year history as a frontline regulator will assist in ensuring that BASL adheres to the highest standards of governance and processes, Chauhan added.

This is a critical step by SEBI in restoring investor confidence in the capital markets, he noted.

Finvestor Social Media

Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.

See Full Bio