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Regulation timeline

Disclosure rules from ASCI, finance rules from SEBI, health rules from the consumer-affairs ministry, and India’s data-protection law. A timeline of how creator marketing became regulated — and what each rule asks of brands and creators.

Before 2021: self-regulation, loosely

For the first decade of Indian influencer marketing there was no rule specific to creators. General advertising codes applied in theory; in practice, paid posts often looked like personal recommendations. As spend grew, so did the gap between what audiences believed and what they were being shown.

2021: ASCI’s influencer guidelines

The Advertising Standards Council of India published guidelines requiring creators to disclose any material connection with a brand — payment, product, discounts, trips — using clear labels placed upfront and in the language of the content. Disclosure had to be visible without “see more” and to survive the format (stories, video, live). It became the baseline for every campaign brief in the country.

2023: health, wellness and the Consumer Protection framework

The Department of Consumer Affairs added guidelines for health and wellness influencers: anyone presenting as a medical or health expert must hold and disclose relevant qualifications, and endorsements must carry disclaimers that they are not medical advice. ASCI updated its own rules in step. The same year, Parliament passed the Digital Personal Data Protection Act, setting consent-based rules for handling personal data — including creator and audience data on platforms like ours.

2024–2025: SEBI and the finfluencer line

The securities regulator drew a hard line: only registered advisors may discuss specific securities or make recommendations; everyone else may educate but not advise, with no return projections and no live price data. Registered entities were barred from paying or partnering with unregistered financial influencers for promotion, with compliance deadlines in early 2025. Financial creator content did not disappear — it became educational, or it became licensed.

2026: enforcement and maturity

ASCI now reports and resolves influencer complaints routinely, health and finance cases lead the list, and brands are held jointly responsible for their creators’ compliance. The rules have stopped being news and started being process.

What it asks of you

Sources

Figures on this page are as reported by the sources below and rounded; estimates differ between reports and change every year. Text is our own.

  1. Explained: The rise of finfluencers and how guidelines for them evolvedStoryboard18 · Accessed 21 September 2026
  2. ASCI modifies influencer guidelines; update for health and finfluencersStoryboard18 · Accessed 21 September 2026
  3. SEBI Issues Clarifications On Finfluencer GuidelinesInc42 · Accessed 21 September 2026
  4. Centre releases Additional Guidelines for Health and Wellness Celebrities, Influencers and Virtual InfluencersSaikrishna & Associates · Accessed 21 September 2026

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