SEBI amends Regulation 8 requiring lien-marked deposits for research analysts to ensure payment of dues under dispute resolution

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....The Securities and Exchange Board of India amended the Research Analysts Regulations, 2014, introducing changes to Regulation 8. The amendment requires that deposits maintained by research analysts be held in a form specified by the Board and be marked as a lien in favor of a recognized body responsible for administration and supervision. This deposit is to be utilized if the research analyst fails to pay dues arising from arbitration or conciliation proceedings under the Online Dispute Resolution Mechanism or other Board-specified mechanisms. The amendment aims to strengthen regulatory oversight and ensure financial accountability of research analysts.....