Investment Advisers — Onboarding, eligibility and due diligence
Practical product/intermediary page integrating the current regulatory stack.
Finin2min Summary — in 2 Minutes
Investment Advisers — Onboarding, eligibility and due diligence. This module integrates risk profiling, suitability, fee, segregation and records.
Official source and legal ownership
Paragraph-wise Finin2min interpretation
Product perimeter
risk profiling, suitability, fee, segregation and records
Control
Translate the exact Act, Regulation and master-circular paragraph into a product workflow with owner and evidence.
Cross-law
Apply Companies Act, SCRA and Depositories Act interfaces where the transaction requires them.
Assurance
Test a normal transaction, exception, complaint/default and regulatory filing.
Practical example
Implementation and evidence controls
- Freeze the applicable entity class, product, transaction date and official instrument version.
- Map every control to its legal owner, enabling provision, responsible function, evidence and escalation route.
- Retain Board/committee approval, policy version, system configuration, maker-checker evidence, exception approval and regulatory filing acknowledgement.
- Re-test the control after an amendment, product change, outsourcing change, merger, customer-risk reclassification or supervisory observation.
Practical Q&A
Which source should be opened first?
The product-specific current Regulation, followed by its current master circular and transaction-specific exchange/depository circular.
Is entity registration enough?
No. Continuing capital, governance, conduct, disclosure and audit conditions apply.
What is the minimum evidence pack?
Registration, policies, client/issuer documents, system records, money/securities reconciliation, disclosure/filing and review evidence.