Official references

SEBI Circulars & Regulations

The key regulations, circulars and consultation papers for Research Analysts — plus the policies you must maintain. Always refer to official SEBI communications for the latest version.

Regulations & Master Circulars

SEBI (Research Analysts) Regulations, 2014↗Regulation Master Circular for Research Analysts↗Master

Key Circulars

Recognition of BSE Limited as RAASB and IAASB↗RAASB Framework for Administration & Supervision of RAs and IAs↗RAASB Usage of Brand Name / Trade Name by IAs and RAs↗Branding Advertisement Code for IAs and RAs↗Advertising Investor Charter & Disclosure of Investor Complaints by RAs↗Investor Charter Compliance Guidelines for Digital Accessibility (RPwD Act, 2016)↗Accessibility Adoption of UPI IDs for Payment Collection by Intermediaries↗UPI Most Important Terms and Conditions (MITC) for RAs↗MITC Recognition & Operationalisation of PaRRVA↗PaRRVA Operationalisation of PaRRVA — regular services (from 4 May 2026)↗PaRRVA

Consultation Papers

Mechanism for Fee Collection by SEBI-registered IAs and RAs↗Consultation Performance Validation Agency↗Consultation Ease of Doing Business for IAs and RAs↗Consultation

Compliance Policies

Note: Only the PMLA / Anti-Money Laundering (AML) policy and the Unauthenticated News policy are strictly mandatory to maintain. The others below are recommended best-practice policies — not individually mandated by SEBI.

PMLA & Anti-Money Laundering (AML) Policy · mandatory
Unauthenticated News Circulation Policy · mandatory
Code of Conduct Policy
Research & Rationale Policy
Conflict of Interest / Personal Trading Policy
Record Retention Policy
Grievance Redressal Policy
Segregation of Research & Distribution Policy
Advertising & Public Communication Policy
Annual Compliance Audit Policy