Stock exchanges will now be recognised as a body for administration and
supervision of research analysts and investment advisers, said the Securities and Exchange Board of India (SEBI) on March 15.
The decision was taken after meeting with its Board, the markets regulator said in a press release.
The press release stated: "The Board approved the proposal to recognise a stock exchange as a 'Research Analyst Administration and Supervisory Body' (RAASB) and 'Investment Advisers Administration and Supervisory Body' (IAASB)".
As in the case of investment advisors, the RAASB framework will be fee
neutral to the research analysts.
Further, in order to provide ease of doing business and to ensure smooth operationalisation of the RAASB/IAASB framework and prevent disruption, the Board approved deemed enlistment of existing registered RAs/IAs.
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