Research Analysts Must Obtain NISM-Series-XV Certification and Renew Through Series-XV-B Exam Under RA Regulations 2014

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....SEBI mandates that research analysts, principal officers of non-individual analysts, and associated persons providing research services must obtain NISM-Series-XV certification through examination. The notification introduces a renewal requirement through NISM-Series-XV-B examination before existing certification expiry. Effective March 1, 2025, this supersedes previous notification SEBI/LAD-NRO/GN/2014-15/26/540. The requirement applies to individual research analysts registered under RA Regulations 2014, partnership firm partners engaged in research services, and individuals employed as research analysts. This regulatory framework ensures continuous professional competency in securities market research through mandatory initial certification and renewal processes.....