https://www.taxtmi.com/circulars?id=69194 The master circular consolidates SEBI guidance for Research Analysts, prescribing registration and NISM certification requirements, deposit and fee rules, client level segregation, disclosure of terms (including MITC) and mandatory KYC and recordkeeping, annual compliance audits with public disclosure of adverse findings, model portfolio and AI use disclosure obligations, cybersecurity and SaaS advisories, procedures for prior approval of change in control, an advertisement code, outsourcing principles, and operational supervision via an enlisted RAASB with specified reporting and grievance redressal mechanisms. en-us Fri, 06 Feb 2026 00:00:00 +0530 Sat, 28 Feb 2026 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69194 The master circular consolidates SEBI guidance for Research Analysts, prescribing registration and NISM certification requirements, deposit and fee rules, client level segregation, disclosure of terms (including MITC) and mandatory KYC and recordkeeping, annual compliance audits with public disclosure of adverse findings, model portfolio and AI use disclosure obligations, cybersecurity and SaaS advisories, procedures for prior approval of change in control, an advertisement code, outsourcing principles, and operational supervision via an enlisted RAASB with specified reporting and grievance redressal mechanisms. Circulars SEBI Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69194