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<h1>Research Analysts Must Separate Activities, Follow SEBI Code, Get Approval for Control Changes, Disclose Terms, Ensure Data Security</h1> Research analysts or entities must maintain a clear separation between their research activities and other operations, adhere to a specified Code of Conduct, and obtain prior approval from the Securities and Exchange Board of India (SEBI) for any change in control. They are required to provide information and reports to SEBI and ensure their employees meet certification requirements. Analysts must disclose terms and conditions to clients, obtain consent, and ensure the security and integrity of client data when using AI tools. Compliance with guidelines for model portfolios and the Investor Charter is mandatory.