Meta Platforms, the parent entity of social media platforms Facebook, Instagram and WhatsApp, has reportedly mandated Securities and Exchange Board of India (SEBI) registration verification for all securities and investment-related advertisements.
WhatsApp, Facebook and Instagram have to comply with the mandate by July 31, the Hindu BusinessLine reported, citing Meta’s updated service requirements for advertisers targeting users in India.
In cases where SEBI registration is not required, advertisers may opt for alternate verification options such as business or identity verification.
Inc42 has reached out to Meta for comments on the development. The story will be updated based on the response.
These ads would have the disclosure of the verified information, which aligns with the regulator’s earlier direction to advertisers to register themselves with the social media platforms.
Meanwhile, the move is expected to severely impact influencers active on social media, the report cited experts familiar with the matter.
(The story will be updated soon.)
The post Meta Mandates SEBI Verification For Investment Ads In India appeared first on Inc42 Media.
You may also like
Red alerts in France, death in Italy: Europe swelters under early summer heat wave, Barcelona records hottest June in over a century
WBSSC job case: Calcutta HC raises questions on new recruitment notification
Taylor Fritz accuses opponent of getting Wimbledon match suspended before curfew
Rohit Saraf on comparing OTT with theatrical medium: 'I don't see it as one versus the other'
ICAI CA Result Release Date Announced, Results Will Come On This Date
