Enhanced Periodic Reporting for Investment Advisers
Expanded periodic reporting and documentation expectations for SEBI-registered investment advisers.
What changed
Periodic reporting scope widens and client-suitability documentation must be retrievable on demand rather than reconstructed at inspection.
Who is affected
SEBI-registered investment advisers, including individual and non-individual advisers.
Why it matters
Supervisory review focuses on evidence quality; incomplete audit trails become the primary finding category.
What to do
Assign a named owner for periodic reporting, index suitability evidence by client and date, and run an internal inspection walkthrough.
Boardroom risk
Inspection findings and remediation orders that carry reputational consequences for advisory relationships.
Related controls
Source: official notification
Turn this into owned actions
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