On Oct. 25, 2024, IND SEBI issued a circular on the periodic reporting format for research analysts and proxy advisers as per the Research analysts regulations, 2014.
Recognized BSE Limited as Research analyst administration and supervisory body.
RAs and PAs must submit comprehensive reports covering organizational structure and compliance framework and the details of all social media platforms used for business.
In addition, shareholding patterns for holdings of 10% or more, NISM certification details for all qualified analysts, and ad tracking and investor charter compliance.
In addition to above, relevant data on branch operations and employee information.
Reports must also include detailed, specified complaint statistics, client demographics.
PAs have additional reporting on certain metrics including voting recommendations.
The first reporting period covers half-year ending Mar. 31, 2025, submit by Apr. 30, 2025.
On Aug. 9, IND SEBI drafted circular on periodic reporting format.
IND SEBI drafted circular on periodic reporting format for research analysts (RAs) and proxy advisers (PAs); RAs, PAs are required to submit specified information per SEBI regs.
Research Analyst Administration and Supervisory Body (RAASB) oversees RAs, PAs, standardized reporting format has been proposed for them to be submitted to RAASB.
Draft Circular
Specifies periodic reporting requirements, including content, format; reporting is to be done semi-annually, with deadlines for periods ending Sep. 30, Mar. 31 each year.
RAASB is directed to make the necessary arrangements for obtaining such reports and to specify submission timelines to RAs, PAs within 30 days of this circular's issuance.
Comment Period
The consultation is open until Aug. 30, 2024.
Oct. 2024 Format Finalized
On Oct. 25, 2024, IND SEBI issued a circular on the periodic reporting format for research analysts and proxy advisers as per the Research analysts regulations, 2014.
Recognized BSE Limited as Research analyst administration and supervisory body.
RAs and PAs must submit comprehensive reports covering organizational structure and compliance framework and the details of all social media platforms used for business.
In addition, shareholding patterns for holdings of 10% or more, NISM certification details for all qualified analysts, and ad tracking and investor charter compliance.
In addition to above, relevant data on branch operations and employee information.
Reports must also include detailed, specified complaint statistics, client demographics.
PAs have additional reporting on certain metrics including voting recommendations.
The first reporting period covers half-year ending Mar. 31, 2025, submit by Apr. 30, 2025.
