important news: BSE sets up a firm to oversee the activities of registered investment advisers.

The major stock market BSE on Friday said it has formed a wholly owned BASL company. The company oversees the affairs and activities of all investment advisers registered with SEBI.

BSE sets up a firm to oversee the activities of registered investment advisers.

The major stock market BSE on Friday said it has formed a wholly owned BASL company. The company oversees the affairs and activities of all investment advisers registered with SEBI.

BSE Administration and Supervision Limited (BASL) is authorized to oversee the activities and supervision of investment advisers (IAs) registered with the regulator, the stock market said in a statement. It has been in operation since June 1.

Ashish Kumar Chauhan, Managing Director and CEO, BSE, thanked SEBI.

All investment advisors (IA’s) registered with SEBI and new applicants wishing to register must register as members with BASL.

important news:  BSE sets up a firm to oversee the activities of registered investment advisers.
important news:  BSE sets up a firm to oversee the activities of registered investment advisers.

The activity of BASL members will be monitored and Supervised in accordance with the rules of the capital market regulator SEBI.

Ashish Kumar Chauhan, Managing Director and CEO, BSE, thanked SEBI for re-establishing confidence in the BSE for monitoring and overseeing the activities of investment advisers.