SEBI Releases Framework for Administration and Supervision of Research Analysts and Investment Advisers
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- Last Updated on 4 May, 2024
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SEBI/HO/MIRSD/MIRSD-SEC-3/P/CIR/2024/34; Dated: 02.05.2024
Earlier, SEBI notified that a recognised stock exchange may undertake administration and supervision activities over specified intermediaries. Accordingly, stock exchanges can be recognised as Research Analyst Administration and Supervisory Body (RAASB) and Investment Adviser Administration and Supervisory Body (IAASB) for the administration and supervision of RAs and IAs.
SEBI has now released a framework for the administration and supervision of Research Analysts and Investment Advisers. Further, RAASB and IAASB shall be one and the same stock exchange in order to ensure efficiency in the system and economies of scale.
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