SEBI Recognizes BSE as Supervisory Body for Research Analysts and Investment Advisers

SEBI has recognized BSE Ltd as a supervisory body for research analysts and investment advisers for five years starting from July 25, 2024. BSE will establish bylaws, SOPs, and FAQs for RAs and IAs, and oversee registration fees, ensuring a fee-neutral approach. This move aims to protect investor interests.

The capital markets regulator, Securities and Exchange Board of India (SEBI), has recognized BSE Ltd as a supervisory body for research analysts and investment advisers, effective for a five-year term starting from July 25, 2024.

According to SEBI's circular, BSE Ltd will be tasked with establishing bye-laws, standard operating procedures (SOPs), and frequently asked questions (FAQs) to guide Research Analysts (RAs) and Investment Advisers (IAs) under a seamless adoption of the new supervisory frameworks RAASB and IAASB.

Additionally, applicants seeking new registrations or renewals as RAs or IAs will be required to pay administrative fees set by the RAASB and IAASB. SEBI has assured that the revised fees won't exceed the previously set fee structure, maintaining a fee-neutral approach. These efforts aim to protect investors and promote the securities market's development.