Stock exchanges should keep an eye on investment advisers and research analysts: SEBI
Following a meeting with its board, the market regulator issued this statement.
The RAASB approach will be fee neutral for research analysts in the case of investment advisors.
The recognition of stock exchanges as a governing body has now occurred.
On March 15, the Securities and Exchange Board of India, or SEBI, said that it was keeping an eye on investment advisers and research analysts.
The market regulator said in a news statement that its board meeting preceded the decision-making process.
"The Board has approved the recommendation to recognize the stock exchanges as 'Investment Advisors Administration as well as Supervisory Body' (IAASB) and 'Research Analysts Administration as well as Supervisory Body' (RAASB)," according to the press statement.
The RAASB framework fee for research analysts will be neutral, similar to that of investment advisors.
Additionally, the Board authorized the presumed list of currently registered RAs and IAS in order to facilitate business, guarantee the seamless operation of the RAASB/IAASB framework, and avoid interruption.
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