https://www.taxtmi.com/highlights?id=97636 SEBI prescribes a lighter certification pathway for Persons Associated with Research Services (PARS) performing sales and other non-core services, requiring passage of the NISM Series-XXV-A examination, while PARS engaged in research-related functions must continue with the NISM Series-XV examination; existing PARS who already hold valid Series-XV certification are exempt from Series-XXV-A until their Series-XV validity expires. The circular takes immediate effect and directs the Research Analyst Administration and Supervisory Body to amend bye-laws and notify and disseminate the change to registered Research Analysts. en-us Thu, 12 Mar 2026 18:11:10 +0530 Thu, 12 Mar 2026 18:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97636 SEBI prescribes a lighter certification pathway for Persons Associated with Research Services (PARS) performing sales and other non-core services, requiring passage of the NISM Series-XXV-A examination, while PARS engaged in research-related functions must continue with the NISM Series-XV examination; existing PARS who already hold valid Series-XV certification are exempt from Series-XXV-A until their Series-XV validity expires. The circular takes immediate effect and directs the Research Analyst Administration and Supervisory Body to amend bye-laws and notify and disseminate the change to registered Research Analysts. Highlights SEBI Thu, 12 Mar 2026 18:11:10 +0530 https://www.taxtmi.com/highlights?id=97636