Markets regulator Sebi on Tuesday provided three months to registered entities and their agents to terminate their existing contracts with unregistered financial advisors. This is part of Sebi's move to curb unauthorized financial advice and performance claims in the securities market. This came after Sebi in August amended rules aimed at regulating associations between intermediaries (like stock exchanges, clearing corporations, and depositories) and entities providing financial advice or making performance claims. The rule restrains intermediaries, their agents, or associated persons from having direct or indirect ties with any entity that provides investment advice or recommendations without being registered or permitted by Sebi or makes performance or return-related claims unless specifically authorized by the regulator to do so. However, if these interactions occur through specified digital platforms, they will not be subject to these restrictions. In its circular on Tuesday,