SEBI Consultation Paper Dated 09/06/2025 – Draft Circular on Frequently Asked Questions (FAQs) related to regulatory provisions for Research Analysts

It addresses various aspects of RA regulation, including registration requirements, qualifications, trading limitations, disclosures, and compliance obligations. The key proposed changes include mandatory NISM certification for persons associated with research services within one year. It also clarifies that while an RA can distribute certain products, client-level segregation of research and distribution activities remains crucial for products where research services are also provided. The comments/ suggestions are invited from stakeholders. 

(Link: SEBI Consultation Paper Dated 09/06/2025)

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