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    <title>Periodic reporting format for Research Analysts and Proxy Advisers</title>
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    <description>The circular prescribes standardized half yearly reporting obligations for research analysts and proxy advisers: RAs must submit reports in the Annexure I format to the recognised RAASB and PAs must submit reports in the Annexure II format to SEBI within thirty days of the reporting period end. Annexures require detailed entity, governance, personnel, certification, bank, client and fee data, complaint and inspection records, advertising and activity metrics. RAASB is directed to operationalise receipt, publication and related rule amendments; the circular is immediately applicable under SEBI&#039;s regulatory powers.</description>
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