SEBI has introduced a new framework for stock exchanges to become supervisory bodies to regulate research analysts (RAs) and investment advisors (IAs).

Banking & Finance

SEBI has introduced a new framework for stock exchanges to become supervisory bodies to regulate research analysts (RAs) and investment advisors (IAs). Stock exchanges can become supervisory bodies called Research Analyst Administration and Supervisory Body (RAASB) for regulating RAs and Investment Adviser Administration and Supervisory Body (IAASB) for supervising IAs. The criteria for recognized stock exchanges to become a regulatory body is as follows- Minimum of 15 years of existence as a recognized stock exchange; Minimum net worth of Rs 200 crore; Stock exchange should have nationwide terminals, investor grievance redressal mechanism including online dispute solution mechanism; Service centers in at least 20 cities.


      SEBI will be monitoring these bodies through periodical reports and inspection regarding administration and supervision of RAs and IAs.

      This circular will effective from 25 July 2024.

     

 

     


Securities and Exchange Board of India (SEBI)

Establishment- 1992
HQ- Mumbai
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