Finfluencers must register with Sebi for dealing with regulated entities: Madhabi Puri Buch

Individuals or platforms who wish to deal with securities or partner with regulated entities must register with the Securities and Exchange Board of India (Sebi), its chairperson Madhabi Puri Buch said on Tuesday.

Buch’s comments come as Sebi floated a consultation paper on August 25, which introduced a proposal to limit interactions between its regulated entities and unregistered ‘finfluencers’.

“We are very clear. If you wish to stay outside the purview of Sebi, we don’t have any problem because we respect your freedom of speech. But if you wish to deal with securities, or wish to partner with regulated entities, then you need to come and register with us,” said Buch at the Global Fintech Festival 2023