https://www.taxtmi.com/circulars?id=69349 A lighter certification pathway requires PARS performing sales and other non-core services to pass the NISM Series-XXV-A examination, while PARS not in those roles must continue to clear the NISM Series-XV Research Analyst examination. PARS holding Series-XV as of the circular date need not take Series-XXV-A until their Series-XV validity expires. The circular is effective immediately and directs the Research Analyst Administration and Supervisory Body to amend bye-laws and disseminate the change. en-us Wed, 11 Mar 2026 00:00:00 +0530 Wed, 11 Mar 2026 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69349 A lighter certification pathway requires PARS performing sales and other non-core services to pass the NISM Series-XXV-A examination, while PARS not in those roles must continue to clear the NISM Series-XV Research Analyst examination. PARS holding Series-XV as of the circular date need not take Series-XXV-A until their Series-XV validity expires. The circular is effective immediately and directs the Research Analyst Administration and Supervisory Body to amend bye-laws and disseminate the change. Circulars SEBI Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69349