Appointment of compliance officer requires designated officer or certified independent professional to monitor regulatory compliance, with principal officer undertaking. Regulation 26 requires a non individual research analyst or research entity to appoint a compliance officer or engage an independent professional with specified professional membership and a relevant NISM certification to monitor compliance with the Act, these regulations and Board circulars; if an independent professional is appointed the principal officer must submit an undertaking that the principal officer remains responsible for ensuring compliance with applicable statutory and regulatory requirements.