SEBI Issues Guidelines for Research Analysts: Registration, Compliance, Fee Caps.

The SEBI circular outlines guidelines for research analysts, focusing on registration, compliance, and fee limitations. Key points include eligibility criteria for part-time analysts, mandatory SEBI registration for advice on securities, and compliance measures such as appointing a compliance officer and responsible AI use. Fee caps are set at Rs. 1.51 lakh annually per family for individual clients. It mandates client-level segregation of research and distribution activities, guidelines for model portfolio recommendations, KYC obligations, and grievance redressal mechanisms. Annual compliance audits and maintaining a functional website are required to enhance transparency and standardize industry practices. .....

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