India, May 8 -- In a recent circular issued on May 7, India's securities and commodities market regulator, Securities and Exchange Board of India (SEBI), has mandated that investment advisors (IAs) disclose their social media presence twice a year to its appointed supervisory body, Investment Advisers Administration and Supervisory Body (IAASB).

Under this, advisors are required to disclose accounts, pages, channels or other details operated by them on social media platforms like Facebook, Twitter, among others. Further, they are required to report the aforementioned details on September 30 and March 31 of every financial year. Prior to the circular, which is applicable with immediate effect, the IAASB was seeking reports from IAs on an ...