Explain the changes made by SEBI vide its notification Dated 25th November 2025 in the provisions pertaining to qualification and certification requirement for Investment Advisers.

Answer 6(c) Amended provisions pertaining to Qualification and certification requirement for Investment Advisers as per Regulation 7 of the SEBI (Investment Advisers) Regulations, 2013 An individual investment adviser or a principal officer of a non-individual investment adviser registered as an investment adviser under these regulations or persons associated with investment advice shall have the following minimum qualifications, at all times: (a) A graduate degree or any equivalent educational qualification from a university or institution recognized by the Central Government or any State Government or a recognized foreign university or institution or association or CFA Charter from the CFA Institute, and relevant certification from NISM or from any other organization or institution accredited by NISM; or (b) A Post Graduate Program in the Securities Market (Investment Advisory) from NISM or a Post Graduate Program in Financial Planning from NISM; or any other program of NISM as may be specified by the SEBI. However, the investment advisers registered as on the date of commencement of these regulations shall ensure that the individual Investment adviser or principal officer of a non-individual investment adviser registered and persons associated with investment advice shall comply with the qualification and experience requirements as per the timelines specified by SEBI. However, the above requirements shall not apply to such existing individual investment advisers as may be specified by the SEBI. An individual investment adviser or principal officer of a non-individual investment adviser, registered under these regulations, persons associated with investment advice, and in case of investment adviser being a partnership firm, the partners thereof who are engaged in providing investment advice, shall obtain a fresh relevant NISM certification as specified by the Board from time to time before expiry of the validity of the existing certification or within three years from the date of registration certificate, as the case may be, to ensure continuity in compliance with certification requirements.