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

Which of the following best describes the role of a recognised administrative and supervisory body (RASB) for research analysts?

A recognised administrative and supervisory body administers and supervises research analysts, including handling registration applications and monitoring compliance with the regulations. It does not guarantee returns, fix analyst fees or supply securities prices.

  1. AIt issues securities prices to analysts
  2. BIt guarantees the returns on analyst recommendations
  3. CIt sets minimum fees that analysts must charge
  4. DIt administers and supervises research analysts, including processing registration applications and monitoring compliance with the regulationsCorrect

Explanation

A RASB, such as BSE Administration and Supervision Limited, is recognised to administer and supervise research analysts and process applications. It does not guarantee returns, fix fees or supply prices.

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