Mumbai, Capital markets regulator Sebi on Thursday approved norms to regulate unregistered financial influencers, also known as fininfluencers.
The move comes amid growing concern over potential risks associated with unregulated financiers who may offer biased or misleading advice. They usually work on a commission-based model.
To address the risks associated with finanfluencers, the SEBI Board approved the proposal to regulate such finanfluencers.
The regulator has decided to introduce a fixed price process for delisting of frequently traded stocks and also a delisting framework for investment and holding companies (IHCs), Sebi said in a statement issued after the board meeting here. Have presented.
Additionally, the regulator approved the proposal to remove financial disincentives for MDs and CTOs of exchanges, other market infrastructure institutions (MIIs) due to technical glitches.
The move comes amid growing concern over potential risks associated with unregulated financiers who may offer biased or misleading advice. They usually work on a commission-based model.
To address the risks associated with finanfluencers, the SEBI Board approved the proposal to regulate such finanfluencers.
The regulator has decided to introduce a fixed price process for delisting of frequently traded stocks and also a delisting framework for investment and holding companies (IHCs), Sebi said in a statement issued after the board meeting here. Have presented.
Additionally, the regulator approved the proposal to remove financial disincentives for MDs and CTOs of exchanges, other market infrastructure institutions (MIIs) due to technical glitches.
