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<h1>Research analysts must hold specified educational credentials and maintain NISM certification for ongoing compliance to provide research services.</h1> Qualification requirements mandate that individuals and key personnel engaged in research services hold a graduate degree or equivalent, a CFA Charter, or specified NISM postgraduate program credentials, and obtain relevant NISM certification as specified by the Board. Affected persons - including individual research analysts, principal officers, employed analysts, partners and persons associated with research services - must secure a fresh relevant NISM certification before an existing certification expires or within three years from registration to ensure continuous compliance.