Bombay Stock Exchange (BSE) has set up a wholly-owned subsidiary company, BSE Administration & Supervision (BASL), for carrying out administration and supervision activities of all Sebi-registered investment advisors. The company, BSE Administration & Supervision, has received recognition from Sebi to administer and supervise investment advisors (IAs) registered with the regulator, and commenced its operation from June 1.
All existing Sebi-registered IAs and new applicants desirous of obtaining registration as investment advisor will be required to register with BASL as a member.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).
