Process for Investment Advisor License Registration in India
To become a SEBI Registered Investment Advisor or a licensed RIA in India, you must adhere to the following procedure:
Step 1: Ensure the required Qualification for the RIA License SEBI
The applicant must first ascertain his qualification for the requisite license. He must also complete a certified course recognized by the Securities and Exchange Board of India. The applicant must also wield at least five years of experience in Financial Advisory services or related fields.
Step 2: Apply for & clear the SEBI’s RIA Exam
The applicant must apply for and pass the SEBI’s RIA exam conducted by the NISM (National Institute of Securities Markets).
Step 3: Apply for the RIA license
After clearing the SEBI RIA exam, the applicant can apply for RIA certificate registration on SEBI’s online portal. They must provide the requisite details along with the application, such as the following:
- Educational Qualifications
- Work Experience
- RIA exam scorecard
Step 4: Application assessment by SEBI
The SEBI, after application submission, will conduct a background check on the filed application to ensure that the applicant meets the necessary criteria to become a registered Investment Advisory Firm in India.
Step 5: Grant of RIA License to the applicant
After successfully assessing the filed application, SEBI will grant you the RIA license. After the license reception, the licensee can start providing Investment Advisories to its clients.
As a certified RIA, you must show adherence to certain regulations set by SEBI. Such regulations are compliance filing, following the code of conduct, periodic reporting requirements, as well as ongoing training & education for the Principal Officer.