The Multi Commodity Exchange Clearing Corporation Limited (MCX) on January 02, 2025, notified regarding the compliance with SEBI (Investment Advisers) Regulations, 2013 for Stock Brokers providing Investment Advice to Clients.
It states that stock brokers providing incidental investment advice are exempt from registering as Investment Advisers but shall comply with obligations in Chapter III of the SEBI (Investment Advisers) Regulations, 2013.
[Circular no. - MCX/MEM/004/2025]