\nsebiria@sebi.gov.in<\/strong><\/a>
\nBefore 23rd Jan. 2018\u00a0<\/strong><\/p>\n
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Copy from following line till end of the letter.<\/p>\n
SUB: Feedback on Consultation Paper\u00a0(Investment Advisers)\u00a0Regulations, 2013 Jan 02, 2018<\/u><\/strong><\/p>\n Dear sir \\ Madam<\/strong><\/p>\n I have gone through your RIA Consultation Paper and found it is the best move to protect the Investor’s interest as an advisor I have noticed, even though every aspect is kept in mind to protect investor, something is left which may hurts and not good from Investor’s angle which I want to highlight and hope that it will be implemented in the final draft of the paper<\/p>\n By referring all the points I would like to suggest on the consultation paper<\/strong><\/p>\n Best move is to allow only direct plans for RIAs then there will not be any conflict or loss on investor side<\/span><\/strong><\/span><\/td>\n \u00a0<\/strong><\/p>\n Problem 1] <\/strong><\/span>There is a possibility of creating a cartel by RIAs that my relative will provide execution to your advisory services and vis a versa<\/strong><\/span><\/td>\n<\/tr>\n \u00a0<\/strong><\/span><\/p>\n Problem 1]<\/strong><\/span> There is a possibility of mis-selling if the products are sold to a person without risk profiling. There are so many cases registered that retired persons were offered single premium policies.<\/strong><\/span><\/td>\n<\/tr>\n 1] \u00a0MFDs risk profiling must be mandatory <\/strong><\/span><\/p>\n 2] Should be allowed to do basic goal based planning.<\/strong><\/span><\/p>\n Otherwise there are so many chances of knowingly or unknowingly mis-selling.<\/strong><\/span><\/p>\n MFDs. should not be allowed to make comprehensive financial planning.<\/strong><\/span><\/p>\n Disclosures \u00a0& other things like are ok<\/strong><\/span><\/td>\n \u00a0<\/strong><\/span><\/p>\n Problem 1]<\/strong><\/span> MFDs are not allowed to do Risk Profiling then how MFDs can decide \u201cappropriateness\u2019 of \u00a0products to the client\u201d. <\/strong><\/span><\/p>\n \u00a0<\/strong><\/span><\/p>\n Proble 2]<\/strong><\/span> Only Risk Profiling is not sufficient for deciding \u201cappropriateness\u2019 of \u00a0products to the client\u201d. <\/strong><\/span><\/p>\n \u00a0Because some schemes are suitable for one goal may not suitable for another goal.<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Thanking You<\/p>\n Advisor Name<\/p>\n ARN-xxxxxx<\/p>\n","protected":false},"excerpt":{"rendered":" MF Distributors Feed Back on SEBIs Consultation Paper<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Send your feed back to sebi's consultation paper I have sent my own on sebiria@sebi.gov.in","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2,15,1],"tags":[19,18],"class_list":["post-1786","post","type-post","status-publish","format-standard","hentry","category-challenges-to-mf-distributors","category-feedback-on-rias-consultation-paper","category-uncategorized","tag-feedback-on-sebi-ria-consultation-paper","tag-sebi-ria-consultation-paper"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7QcqY-sO","_links":{"self":[{"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=1786"}],"version-history":[{"count":80,"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1786\/revisions"}],"predecessor-version":[{"id":1866,"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1786\/revisions\/1866"}],"wp:attachment":[{"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=1786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=1786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bltpindia.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=1786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n\n
\n Name of entity \/ person \/ intermediary\/ Organization* <\/strong><\/td>\n<\/tr>\n \n Sr. No.<\/td>\n Pertains to Point No<\/td>\n Suggestions<\/td>\n Rationale<\/td>\n<\/tr>\n \n 1<\/td>\n 1<\/td>\n Most welcome one more step towards balanced format of consultation paper.<\/td>\n <\/td>\n<\/tr>\n \n 2<\/td>\n 2<\/td>\n I will suggest one step ahead to ensure that there is no cross connection between RIAs for that all the immediate relatives will be in same category either in RIAs or MFDs<\/strong><\/span><\/p>\n I found 1 Problem <\/strong><\/span><\/p>\n \n 3<\/td>\n 3<\/td>\n In addition one more thing is required that Risk Profiling should be made mandatory to stop mis-selling for Banks, NBFCs, Body Corporates, LLPs .<\/strong><\/span><\/td>\n I found 1 Problem<\/strong><\/span><\/p>\n \n 4<\/td>\n 4<\/td>\n Welcome this decision <\/strong><\/span><\/td>\n <\/td>\n<\/tr>\n \n 5<\/td>\n 5<\/td>\n If SEBI wants to ensure \u201cappropriateness\u2019 of \u00a0products to the client\u201d<\/strong><\/span><\/p>\n I Found 2 roblems<\/strong><\/span><\/p>\n