https://www.taxtmi.com/circulars?id=68717 SEBI clarifies that research entities must register under the RA Regulations while employed individuals must meet qualification and obtain specified NISM certification within one year. The circular details scope exclusions for research reports, reiterates that methodology does not exempt research services, prescribes registration procedures, fees, RAASB deposit requirements based on client counts, and sets out disclosure, recordkeeping and trading restrictions. Institutional investors/QIBs require disclosure of terms including MITC but not signed consent; distribution activities must be segregated or carried out at arm's length where research is provided on the same products, and proxy advisers must register and comply with specified disclosure and record obligations. en-us Wed, 23 Jul 2025 00:00:00 +0530 Wed, 23 Jul 2025 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68717 SEBI clarifies that research entities must register under the RA Regulations while employed individuals must meet qualification and obtain specified NISM certification within one year. The circular details scope exclusions for research reports, reiterates that methodology does not exempt research services, prescribes registration procedures, fees, RAASB deposit requirements based on client counts, and sets out disclosure, recordkeeping and trading restrictions. Institutional investors/QIBs require disclosure of terms including MITC but not signed consent; distribution activities must be segregated or carried out at arm's length where research is provided on the same products, and proxy advisers must register and comply with specified disclosure and record obligations. Circulars SEBI Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68717