The Securities and Exchange Board of India (SEBI) on February 14, 2025, issued the notification regarding the requisite certification(s) to be obtained by any category of associated persons.
The following has been stated namely: -
• An individual registered as research analyst, a principal officer of a non-individual research analyst, individuals employed as research analysts, persons associated with research services, and in case of the research analyst being a partnership firm, the partners thereof if any, who are engaged in providing research services:
o Shall obtain certification(s) from NISM by passing the “NISM-Series-XV: Research Analyst Certification Examination”
o Shall, in order to ensure continuity in compliance with the certification requirements, before expiry of the validity of the existing certification as specified in clause (i), obtain certification from NISM by passing the NISM-Series-XV-B: Research Analyst Certification (Renewal) Examination.
This shall come into force on March 01, 2025.
[Notification No. SEBI/LAD-NRO/GN/2025/231]
