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

Under the SEBI (Research Analysts) Regulations, 2014, which of the following is a correct statement about the registration of a research analyst?

A person who acts as a research analyst must be registered with SEBI, with the application made through a recognised administrative and supervisory body. The medium used, such as social media, or the fee level does not exempt the person from registration.

  1. AAn individual may act as a research analyst only after obtaining registration from SEBI through a recognised administrative and supervisory bodyCorrect
  2. BRegistration is not required if the analyst publishes reports only on social media
  3. CRegistration is required only for analysts who charge fees above a prescribed limit
  4. DRegistration is required only for analysts employed by banks

Explanation

The Regulations require a person who provides research analyst services to be registered with SEBI, and the application is routed through a recognised administrative and supervisory body. The medium of publication, such as social media, does not remove the need for registration. Option about fee limits is wrong because no such threshold decides the need to register.

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