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

Under the SEBI (Research Analysts) Regulations, 2014, a person who wishes to act as a research analyst must primarily obtain which of the following?

A person must obtain a certificate of registration from SEBI, applied for through a recognised administrative and supervisory body, to act as a research analyst. RBI licences, trading membership or ministry approvals are not what the regulations require.

  1. AA certificate of registration from SEBI, through a recognised administrative bodyCorrect
  2. BA licence from the Reserve Bank of India
  3. CMembership of a stock exchange as a trading member
  4. DA no-objection certificate from the Ministry of Finance

Explanation

The Research Analyst Regulations require registration with SEBI, and applications are routed through a recognised administrative and supervisory body (currently BSE Administration and Supervision Limited). RBI licensing, stock exchange membership and ministry NOCs are not the requirement.

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