SEBI master circular

Master Circular for Investment Advisers (2025-06-27)

Paragraph-wise control map for Investment advisers; dated 2025-06-27.

2025-06-27Investment advisersCurrent circular inventory

Paragraph map

MC-01

Identify entity, activity and exclusions.

MC-02

Map eligibility, capital, fit-and-proper and infrastructure.

MC-03

Assign Board, trustee, key-person and compliance responsibility.

MC-04

Apply KYC, agreements, risk disclosure and suitability where applicable.

MC-05

Map permitted processes, segregation, conflicts and prohibited practices.

MC-06

Build periodic/event/transaction filing and website controls.

MC-07

Preserve books, system logs, certifications and inspection readiness.

MC-08

Identify consolidated circulars, saved actions and later amendments.