ASCI Tightens Guidelines For "Finfluencers" And Sets Stage, Crypto Influencers Awaits Impact
ASCI Sets Stage For Finfluencers The updated regulations stipulate that to offer financial advice, “f influencers ” must now be registered with the Securities and Exchange Board of India (SEBI). They must conspicuously display their registration number and credentials. Influencers need to have the necessary credentials to provide various types of financial advice, such as authorization from the Insurance Regulatory and Development Authority of India (IRDAI), or certification as a chartered accountant or company secretary. Influencers must also follow all disclosure guidelines established by authorities overseeing the financial industry. advertisement The action by ASCI is in line with SEBI’s worries about false investment advice being disseminated by f influencers . SEBI is anticipated to respond by publishing a draft discussion paper on the regulation of f influencers . Manisha Kapoor, CEO, and Secretary General of ASCI, emphasized the negati...