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NISM Certifications · NISM-Series-XV: Research Analyst · Legal and Regulatory Environment (NISM XV)

For how long are research analysts required to maintain records of their research reports, recommendations and supporting data under the SEBI (Research Analysts) Regulations, 2014?

Research analysts must preserve their research reports, recommendations and supporting records for five years. This retention period allows SEBI to inspect the basis of recommendations and check compliance. Periods of six months or one year are too short, and 25 years is not prescribed.

  1. A6 months
  2. B1 year
  3. C5 yearsCorrect
  4. D25 years

Explanation

Research analysts must maintain records, including research reports, recommendations, and the rationale and supporting data, for a minimum of five years. Shorter periods would not satisfy the regulations, and 25 years is not the prescribed period.

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