Skip to content

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

Which statement about the Research Analyst regulatory framework in India is most accurate?

A registered research analyst must maintain records of research reports and the basis of recommendations for the prescribed period, and SEBI can inspect them. Publication does not remove the duty, and individual analysts are not exempt from record keeping.

  1. AA research analyst must maintain records of research reports and recommendations as required by the regulations, and SEBI may inspect themCorrect
  2. BRecords need not be kept once a report has been published
  3. COnly the research analyst's clients, not SEBI, may inspect records
  4. DResearch analysts are exempt from any record keeping if they are individuals

Explanation

The regulations require research analysts to maintain books, records and documents, including research reports and the rationale for recommendations, for the prescribed period, and SEBI has powers of inspection. The other statements wrongly say records are unnecessary, restrict inspection, or exempt individuals.

Did you get it right without looking?

One question tells you little. A timed set on Legal and Regulatory Environment (NISM XV) shows your real accuracy, how long you take and where you lose marks.

Practise Legal and Regulatory Environment (NISM XV)Free diagnostic mock

More Legal and Regulatory Environment (NISM XV) questions