Capital markets regulator Sebi has notified a new regulation for research analysts requiring them to have a NISM or equivalent certification to ensure that investors get the right financial advice.
The National Institute of Securities Markets (NISM) has been established by Securities and Exchange Board of India (Sebi) to conduct academic programmes and certification examinations for financial education.
"...Any person acting or desirous of acting as research analyst under the Sebi (Research Analysts) Regulations, 2014, shall obtain certification from the NISM by passing the "NISM-Series-XV: Research Analyst Certification Examination," Sebi said in a notification.
It further said "...Any person acting or desirous of acting as research analyst, may also, in the alternate, obtain certification recognised by the board from time to time."
Sebi, last year, notified detailed norms for 'research analysts' to safeguard investors from any manipulation by such entities and to bring in greater transparency in their activities.
