BSE Administration and Supervision Limited (BASL) a wholly owned subsidiary of BSE has been granted approval from Securities and Exchange Board of India (SEBI) for administration and Supervision of Investment Advisers (IAs) under Regulation SEBI (Investment Advisers) Regulation 2013 (IA Regulations).
(a) A new applicant /existing SEBI RIA intending to register / renew its membership as an Investment adviser will first approach BASL and submit the membership application in prescribed format along with the relevant documents.
(b) Based on the membership application and fulfilment of BASL specified norms for membership as an Investment adviser, BASL will issue a certificate of membership to the new applicant /existing SEBI RIA. As BASL member the new applicant /existing SEBI RIA shall be eligible to exercise any or all the right / privileges associated with membership granted by BASL only upon receipt of certificate of registration as an Investment Adviser from SEBI, and payment of relevant BASL fees.
(c) The concerned new applicant /existing SEBI RIA based on BASL membership certificate will approach SEBI and submit its application for new registration / renewal of its registration as Investment Adviser and comply with the norms, criteria and requirements prescribed by SEBI from time to time. The application for registration with SEBI need to be submitted vide the SEBI Intermediary (SI) portal https://siportal.sebi.gov.in only.
(d) Based on fulfilment of SEBI specified norms for registration as an Investment Adviser, SEBI will inform the said new applicant /existing SEBI RIA to fulfil payment of relevant fees to BASL. On payment of relevant fees to BASL, SEBI will issue its certificate of registration to concerned Investment Adviser and share a copy of the registration certificate/details with BASL.
The tenure of new/renewal BASL membership for Investment Advisers will be as decided by BASL and need to be renewed by the investment advisers as per norms specified from time to time. The process for submission of renewal application to BASL should be carried out at least three months before the validity period of the certificate of BASL membership and completed prior to expiry of the tenure failing which the membership certificate will become invalid.
How to register for BASL membership: A step by step Guide
First of all open BASL website
Click on RIA Member Login as shown above
click on register as shown in pic2
Put your applicant name, applicant name means the name you want to registered as a SEBI Investment adviser. It may be your name as Individual, proprietor, Partnership, LLP, Pvt Ltd. etc.
Note: All valid documents should be their which verify applicant name for SEBI Investment adviser registration.
Then put your mobile number and click on Click here to verify mobile -> then put OTP received in your mobile and verify your mobile number.
After that put your email id and click on Click here to verify Email -> then put OTP received in your Email and verify your Email ID.
In Designation, put your current designation where you are working. Some of the examples are: Executive, Relationship Manager, Senior Relationship Manager, Manager, Branch Manager, Area Head etc.
If You are a student or YouTuber or Mutual Fund or Insurance Distributor or Authorized partner from any broker, put the same thing on the Designation field.
In Type select RIA if you want to apply/renew for SEBI Investment Adviser License, then put your password and confirm password then tick on I’m not a robot and Click on Register.
After registration open BASL and click on RIA Member Login as shown above and put your Email or Mobile number as your username and put your password and verify it with OTP received on your Mobile and Email ID for login.
If you forget your BASL password click on Forget password and put your details and create a new password for login.
Congratulations, now you are successfully registered in BSE ASL platform. Choose your Application Type and Entity Type to proceed with your applications.
Any support regarding SEBI Registered Investment Adviser and Research Analyst please visit Learning Mirror -> Services