{"id":208574,"date":"2026-08-18T10:12:44","date_gmt":"2026-08-18T04:42:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=208574"},"modified":"2026-08-18T10:12:46","modified_gmt":"2026-08-18T04:42:46","slug":"iaasb-investment-adviser","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/","title":{"rendered":"IAASB for Investment Advisers: What the Administration and Supervisory Body Actually Does"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>IAASB is the Investment Adviser Administration and Supervisory Body, currently operating through BSE. It administers IA registration applications on SEBI&#8217;s behalf. IAASB handles periodic reporting &#8230;<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">IAASB investment adviser functions are administrative and supervisory \u2014 not regulatory in the primary sense. SEBI remains the ultimate regulator with authority to grant, suspend or cancel registrations. IAASB administers the application journey, assesses documentation, maintains periodic reporting frameworks and performs supervisory oversight on behalf of SEBI for the IA segment.<\/p>\n<\/div>\n<p>Understanding the IAASB investment adviser relationship helps both aspiring IAs navigating the registration process and investors who encounter references to IAASB in advisory disclosures. The distinction between IAASB&#8217;s administrative role and SEBI&#8217;s regulatory authority clarifies what each body does and does not control.<\/p>\n<p>This guide explains the IAASB investment adviser role, its relationship with SEBI and what investors and advisory businesses should know about how IAASB functions.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=iaasb-investment-adviser\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#What_IAASB_Is_and_Who_Operates_It\" title=\"What IAASB Is and Who Operates It\">What IAASB Is and Who Operates It<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#Core_Functions_of_IAASB_for_Investment_Advisers\" title=\"Core Functions of IAASB for Investment Advisers\">Core Functions of IAASB for Investment Advisers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#IAASB_Deposit_and_Fee_Administration\" title=\"IAASB Deposit and Fee Administration\">IAASB Deposit and Fee Administration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#What_IAASB_Cannot_Do\" title=\"What IAASB Cannot Do\">What IAASB Cannot Do<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#What_is_IAASB_for_investment_advisers\" title=\"What is IAASB for investment advisers?\">What is IAASB for investment advisers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#Does_IAASB_grant_investment_adviser_registration\" title=\"Does IAASB grant investment adviser registration?\">Does IAASB grant investment adviser registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#Why_was_IAASB_created_for_the_investment_adviser_segment\" title=\"Why was IAASB created for the investment adviser segment?\">Why was IAASB created for the investment adviser segment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#How_does_the_IAASB_deposit_requirement_work\" title=\"How does the IAASB deposit requirement work?\">How does the IAASB deposit requirement work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#Where_should_investors_raise_grievances_about_an_investment_adviser\" title=\"Where should investors raise grievances about an investment adviser?\">Where should investors raise grievances about an investment adviser?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/iaasb-investment-adviser\/#Does_an_investment_adviser_deal_directly_with_IAASB_or_with_SEBI\" title=\"Does an investment adviser deal directly with IAASB or with SEBI?\">Does an investment adviser deal directly with IAASB or with SEBI?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_IAASB_Is_and_Who_Operates_It\"><\/span><strong>What IAASB Is and Who Operates It<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Understanding IAASB investment adviser in this context helps investors and advisory businesses navigate this area. IAASB stands for Investment Adviser Administration and Supervisory Body. As of August 2026, IAASB functions are operated by BSE under SEBI&#8217;s framework for delegating administrative and supervisory functions for the IA segment. The IAASB investment adviser relationship is one of administration and oversight \u2014 IAASB is not the primary regulator. SEBI retains all primary regulatory powers including the authority to grant, suspend or cancel IA registrations and to take enforcement action.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Core_Functions_of_IAASB_for_Investment_Advisers\"><\/span><strong>Core Functions of IAASB for Investment Advisers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The IAASB investment adviser administration covers several key functions. Application assessment: IAASB receives registration applications submitted through its portal, checks documentation completeness and eligibility, and forwards assessed applications to SEBI. Enlistment: registered IAs are enlisted with IAASB, which maintains the records for the IA segment it supervises. Periodic reporting: IAASB prescribes the reporting format and frequency for periodic returns that registered IAs must file. Supervision: IAASB monitors the IA segment&#8217;s compliance with applicable requirements on SEBI&#8217;s behalf.<\/p>\n<table>\n<thead>\n<tr>\n<th>Function<\/th>\n<th>Performed By<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Registration grant<\/td>\n<td>SEBI<\/td>\n<td>SEBI is the registering authority; IAASB does not grant registration<\/td>\n<\/tr>\n<tr>\n<td>Application assessment<\/td>\n<td>IAASB<\/td>\n<td>Checks completeness, eligibility and forwards to SEBI<\/td>\n<\/tr>\n<tr>\n<td>Enlistment<\/td>\n<td>IAASB<\/td>\n<td>Maintains records of registered IAs in its supervisory scope<\/td>\n<\/tr>\n<tr>\n<td>Periodic reporting format<\/td>\n<td>IAASB (SEBI consultation)<\/td>\n<td>Specifies reporting format and frequency<\/td>\n<\/tr>\n<tr>\n<td>Enforcement<\/td>\n<td>SEBI<\/td>\n<td>Suspension, cancellation and enforcement are SEBI powers<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"IAASB_Deposit_and_Fee_Administration\"><\/span><strong>IAASB Deposit and Fee Administration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The IAASB investment adviser framework also covers deposit administration. SEBI requires registered IAs to maintain a deposit in a scheduled bank account with a lien in favour of IAASB, calibrated to the number of clients served. IAASB administers this deposit requirement as part of its supervisory role. The deposit serves as a client-protection mechanism and is subject to annual review based on client count changes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_IAASB_Cannot_Do\"><\/span><strong>What IAASB Cannot Do<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The IAASB investment adviser relationship has limits. IAASB cannot grant IA registration \u2014 that power rests solely with SEBI. IAASB cannot independently cancel or suspend a registration without SEBI authority. Investors with grievances against a registered IA should first use the IA&#8217;s internal grievance process, then escalate to SEBI SCORES \u2014 not to IAASB directly, as investor grievance resolution is SEBI&#8217;s function. Investors can verify whether an advisory platform&#8217;s registration is active at sebi.gov.in.<\/p>\n<p>Univest is a SEBI-registered research platform (SEBI RA Reg. No. INH000013776) operating under NSDL depository infrastructure. Investors who want SEBI-registered research alongside their advisory journey can explore Univest&#8217;s research tools, stock screener and market analysis available on the official Univest app.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Explore SEBI-Registered Research on Univest \u2014 Verified Through the IAASB Framework<\/strong><\/a><\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to access SEBI-registered advisory research tools that operate within the IAASB compliance framework.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Understanding IAASB investment adviser in this context helps investors and advisory businesses navigate this area. IAASB is the administrative and supervisory body for investment advisers, currently operated by BSE. It handles IA application assessment, enlistment, periodic reporting formats and deposit administration on SEBI&#8217;s behalf. SEBI retains all primary regulatory powers including registration grant, enforcement and cancellation authority. Investors with grievances against a registered IA should escalate through SEBI SCORES rather than IAASB directly.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with official sources before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_IAASB_for_investment_advisers\"><\/span>What is IAASB for investment advisers?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Iaasb investment adviser is relevant here. IAASB (Investment Adviser Administration and Supervisory Body) is the body that administers IA registration applications and supervisory functions on SEBI&#8217;s behalf. Currently operated by BSE, IAASB assesses applications, manages enlistment and periodic reporting and oversees the deposit requirement for registered IAs. SEBI remains the primary regulatory authority; IAASB is an administrative and supervisory intermediary.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_IAASB_grant_investment_adviser_registration\"><\/span>Does IAASB grant investment adviser registration?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Iaasb investment adviser is relevant here. No. IAASB does not grant IA registration. IAASB assesses the completeness and eligibility of applications and forwards them to SEBI. SEBI is the registering authority that grants, suspends or cancels investment adviser registration. All enforcement powers also rest with SEBI.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_was_IAASB_created_for_the_investment_adviser_segment\"><\/span>Why was IAASB created for the investment adviser segment?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Iaasb investment adviser is relevant here. IAASB was created to provide a dedicated administrative and supervisory structure for the growing investment adviser segment in India, similar to how SROs (Self-Regulatory Organisations) operate in other segments. By delegating administrative functions to IAASB, SEBI can maintain regulatory oversight while enabling specialised administration through a dedicated body with the relevant operational capacity.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_the_IAASB_deposit_requirement_work\"><\/span>How does the IAASB deposit requirement work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Iaasb investment adviser is relevant here. SEBI requires registered IAs to maintain a deposit in a scheduled bank account with a lien in IAASB&#8217;s favour, calculated based on the number of clients served in calibrated slabs. This deposit serves as a client-protection mechanism. IAASB administers the deposit requirement and conducts annual reviews based on changes in the IA&#8217;s client count.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_should_investors_raise_grievances_about_an_investment_adviser\"><\/span>Where should investors raise grievances about an investment adviser?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Iaasb investment adviser is relevant here. Investors with grievances against a SEBI-registered IA should first use the IA&#8217;s internal grievance process as described in the investor charter or client agreement. If unresolved within 30 days, they should escalate through SEBI SCORES at scores.sebi.gov.in. Grievances are not submitted to IAASB directly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_an_investment_adviser_deal_directly_with_IAASB_or_with_SEBI\"><\/span>Does an investment adviser deal directly with IAASB or with SEBI?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Iaasb investment adviser is relevant here. Registered IAs interact with IAASB for administrative functions: submitting applications, filing periodic reports, maintaining enlistment and managing the deposit requirement. For regulatory enforcement matters \u2014 show-cause notices, suspension proceedings or conduct inquiries \u2014 the interaction is with SEBI. Both relationships are part of the overall compliance framework for registered IAs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IAASB investment adviser role explained: how this body administers IA registration, supervisory functions and reporting \u2014 and how it differs from SEBI&#8217;s direct regulatory role.<\/p>\n","protected":false},"author":35,"featured_media":208573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1002],"tags":[3802],"class_list":["post-208574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisory","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["208573"],"_edit_lock":["1787028170:29"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["1002"],"rank_math_seo_score":["66"],"rank_math_title":["IAASB for Investment Advisers: Role, Functions and How It Differs From 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