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Sebi proposes ad rules for MF, stock brokers: Celebrities may endorse brands, not products | What's allowed, what's not

As reported by mint - markets
Sebi proposed new advertising rules allowing financial entities to use celebrities for brand promotion, not specific products. The Common Advertisement Code aims for consistent regulations, eliminating prior approval and enabling post-issuance monitoring.
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Sebi has proposed new advertising rules for financial entities like mutual funds and stockbrokers. Celebrities will now be permitted to endorse brands, but not specific financial products. The new Common Advertisement Code aims for consistent regulations, removing the need for…

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