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Capital markets regulator Sebi on Friday said it has recognised BSE Ltd as a supervisory body for research analysts and investment advisers to oversee their management and administration.
In its circular, Sebi said, "BSE Ltd has been granted recognition under regulation 14 of the RA regulations and IA Regulations for administration and supervision of Research Analysts (RAs) and Investment Advisers (IAs) respectively as (RAASB) and (IAASB) for a period of five years starting from July 25, 2024".
As part of its new role, BSE will establish bye-laws, standard operating procedures (SOPs), and frequently asked questions (FAQs) to guide and facilitate the seamless adoption of the RAASB and IAASB frameworks by RAs and IAs.
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