SEBI has issued a Consultation Paper on Recognition of Body Corporate for Administration and Supervision of Research Analysts on August 22, 2023. SEBI proposes to recognize a body, designated as Research Analyst Administration and Consultation Paper on Recognition of Body Corporate for Administration and Supervision of Research Analysts Supervisory Body (‘RAASB’), to administer and supervise RAs and thereby extend the framework for administration and supervision to RAs as in the case of IAs.
The proposed RAASB shall not place any additional financial burden on the member RAs and shall be fee neutral to them. The application fee and registration fee as specified presently in the RA Regulations is proposed to be rationalized accordingly.
Further, it is proposed to amend the RA Regulations to provide that membership of RAASB shall be one of the eligibility criteria for consideration of grant of certificate of registration as RA. Comments may be forwarded by email to consultationMIRSD@sebi.gov.in latest by September 12, 2023.