Ease of Doing Business – Relaxation in certification requirement for Persons Associated with Research Services (PARS) – Sales and other non-core services

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....h Analyst Administration and Supervisory Body (RAASB) Madam/ Sir, Sub: Ease of Doing Business - Relaxation in certification requirement for Persons Associated with Research Services (PARS) - Sales and other non-core services 1. In terms of Regulation 7 of Securities and Exchange Board of India (Research Analysts) Regulations, 2014 ("RA Regulations"), Persons Associated with Research Servi....

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....n research related aspects. 4. Accordingly, the following is being specified: 4.1. PARS, who perform sales and other non-core services, shall obtain certification from NISM by passing the "NISM Series-XXV-A: Persons Associated with Research Services (Sales and Other Non-Core Services) Certification Examination", as mentioned in the NISM Communique No. NISM/ Certification/ NISM Series-XXV-A: ....

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....yst Administration and Supervisory Body, is advised to: 7.1. make necessary amendments to the relevant bye-laws and rules, for the implementation of this circular; and 7.2. bring the provisions of this circular to the notice of the registered Research Analysts and also disseminate the same on its website. 8. This circular is issued in exercise of powers conferred under Section 11(1) of th....