SEBI RA compliance circulars, in one place.
A quick, plain-language reference to the key SEBI & RAASB circulars every registered Research Analyst should know — each linking to the official SEBI source. Bookmark it, and always confirm the current text on sebi.gov.in.
The rules that govern you
SEBI (Research Analysts) Regulations, 2014
The primary regulation for RA registration, eligibility, obligations, records and conduct — last amended 10 February 2025.
Read on sebi.gov.in ↗Master Circular for Research Analysts
Consolidates all applicable circulars and directions for RAs into a single, up-to-date document. Start here.
Read on sebi.gov.in ↗Administration & supervision framework (RAASB)
BSE recognised as the Research Analyst Administration & Supervisory Body — enlistment, deposit and ongoing supervision of RAs.
Read on sebi.gov.in ↗FAQs on RA regulatory provisions
SEBI's official answers to common questions on RA obligations — fees, deposit, records, disclosures and more.
Read on sebi.gov.in ↗What must be on your site
Investor Charter for Research Analysts
Must be displayed on your website — sets your services, investor rights, do's & don'ts and grievance timelines (revised 2 June 2025).
Read on sebi.gov.in ↗Monthly complaints-data disclosure
Publish the number of complaints received, resolved and pending on your website by the 7th of every month.
Read on sebi.gov.in ↗Most Important Terms & Conditions (MITC)
The standard MITC every RA must share with clients at onboarding — non-negotiable, plain-language key terms.
Read on sebi.gov.in ↗How you may communicate
Guidelines for Research Analysts
Operational guidelines following the Dec 2024 amendments — qualification, deposit, client-level segregation and more.
Read on sebi.gov.in ↗Advertisement Code for IA & RA
What you can and cannot say in ads and marketing — no assured returns, no misleading claims, mandatory disclosures.
Read on sebi.gov.in ↗Clarification on the Advertisement Code
Further clarity on what counts as an advertisement and how the code applies to RAs.
Read on sebi.gov.in ↗Advisory: ads on social media platforms
SEBI's advisory on uploading advertisements to social media — relevant to every RA marketing online.
Read on sebi.gov.in ↗Where complaints go
SCORES — SEBI Complaints Redress System
Register your entity on SCORES; investor complaints are lodged and tracked here with defined timelines.
scores.sebi.gov.in ↗Smart ODR — Online Dispute Resolution
Online conciliation and arbitration for complaints not resolved directly or via SCORES.
smartodr.in ↗SEBI Investor portal & charter
The investor-facing charter, escalation matrix and grievance guidance you should link to from your site.
investor.sebi.gov.in ↗Want all of this already on your website?
Arihant Intellect builds compliance-ready websites for SEBI-registered RAs — registration panel, investor charter, on-site complaints data and disclaimers, done for you.
Disclaimer — please read
This page is a convenience reference to publicly available SEBI and BSE/RAASB circulars, compiled by Arihant Intellect — a technology and web-services provider. It is not legal, regulatory, compliance, financial, tax or professional advice, and Arihant Intellect is not a SEBI-registered intermediary or a compliance advisor. Regulatory requirements are amended and re-interpreted frequently — the summaries here may be incomplete or out of date. Always read the current, official text on the SEBI website (sebi.gov.in) and the BSE / RAASB website (bseindia.com), and consult your own Compliance Officer or legal advisor before acting. Links to third-party and official sites are provided for convenience only; we neither control nor endorse their content. Arihant Intellect accepts no liability for any loss or action arising from the use of, or reliance on, this page.