In this regard, Sebi has floated a consultation paper on a draft circular comprising updated FAQs related to the regulatory provisions for Research Analysts (RAs).
The draft is aimed at inviting public feedback and providing further clarity on various provisions applicable to RAs in a question-and-answer format.
The Sebi (Research Analysts) Regulations, 2014, which came into effect on December 1, 2014, were initially supported by FAQs published on December 9, 2014. These FAQs served as a reference point to guide RAs in complying with the regulatory framework.
However, following a recent review of the regulatory environment, Sebi notified the Sebi (Research Analysts) (Third Amendment) Regulations, 2024, in December 2024. To facilitate the implementation of these changes, Sebi also issued a circular in January 2025, detailing updated guidelines for Research Analysts.
Accordingly, Sebi has “proposed to make suitable changes to the existing FAQs and include additional FAQs to reflect the consequential and regulatory changes emanating from the aforesaid amendments to RA Regulations, circular (s) issued thereunder and other relevant policy decisions”.The regulator has sought public comments on the draft circular until June 30. Once finalised, the consolidated FAQs will be issued in the form of an official circular.
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