SEBI (Research Analysts) (Amendment) Regulations, 2021



Quick Summary
The Securities and Exchange Board of India (SEBI) has introduced the Securities and Exchange Board of India (Research Analysts) (Amendment) Regulations, 2021. These amendments update the existing 2014 regulations for research analysts. A key change includes the addition of a new professional qualification requirement: completing a Post Graduate Program in Securities Market (Research Analysis) from NISM, lasting at least one year.

The Securities and Exchange Board of India has made regulations to further amend the Securities and Exchange Board of India (Research Analysts) Regulations, 2014 and have released the Securities and Exchange Board of India (Research Analysts) (Amendment) Regulations, 2021. Read the official notification and the amendments made therein, below:

SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 16th March, 2021

SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) (AMENDMENT)
REGULATIONS, 2021

No. SEBI/LAD-NRO/GN/2021/09.—In exercise of the powers conferred by sub-section (1) of section 30 read with clause (b) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, namely, -

1. These Regulations may be called the Securities and Exchange Board of India (Research Analysts) (Amendment) Regulations, 2021.

2. They shall come into force on the date of their publication in the Official Gazette

3. In the Securities and Exchange Board of India (Research Analysts) Regulations, 2014,-

I. in sub-regulation (1) of regulation 7,

i. clause (iii) shall be renumbered as (iv) and before the clause so renumbered, the following clause shall be inserted, namely, -

“(iii) a professional qualification by completing a Post Graduate Program in the Securities Market (Research Analysis) from NISM of a duration not less than one year; or”

AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./535/2020-21]

Footnote:

1. The Securities and Exchange Board of India (Research Analysts) Regulations, 2014, were published in the Gazette of India on September 01, 2014 vide No. SEBI/LAD-NRO/GN/ 2014-15/07/1414.

2. The Securities and Exchange Board of India (Research Analysts) Regulations, 2014 were subsequently amended
on, –

SEBI Research Analysts Regulations 2021 Amendments

a. 8th December, 2016 by the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016 vide No. SEBI/LADNRO/GN/2016-17/023.

b. 17th April, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/10.

FAQ :

These are new regulations issued by the Securities and Exchange Board of India to further amend the existing Securities and Exchange Board of India (Research Analysts) Regulations, 2014.

The amendment regulations shall come into force on the date of their publication in the Official Gazette.

A new requirement is the completion of a Post Graduate Program in the Securities Market (Research Analysis) from NISM, with a duration of not less than one year.

Sub-regulation (1) of regulation 7 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014 has been amended.

The original Securities and Exchange Board of India (Research Analysts) Regulations, 2014 were published on September 01, 2014.




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