The Securities and Exchange Board of India, (SEBI) on July 12, 2024, issued a notification regarding the Recognition of BSE Limited as Research Analyst Administration and Supervisory Body (RAASB) and Investment Adviser Administration and Supervisory Body (IAASB).
The following has been stated-
•Applicants seeking registration/renewal as RA/IA shall be liable to pay administrative fees, as specified by RAASB/IAASB.
•The fees payable to SEBI by RAs/applicants seeking registration as RA have been revised by way of amendment to the RA Regulations, coming into effect from July 25, 2024.
•The total fees payable by an applicant/RA towards application, registration and renewal to SEBI and administrative fees to RAASB for the respective period shall not exceed the total fees payable before the amendment. The fee structure shall thus be fee-neutral to the applicants/RAs.
•In respect of the grant of registration as RA for applications received before July 25, 2024, the registration fee shall be received by SEBI as per the erstwhile fee structure.
[Notification No. SEBI/HO/MIRSD/MIRSD-POD-1/P/CIR/2024/101]
