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On April 26, SEBI amended its regulations governing research analysts, reducing the application, registration and renewal fees. But individual RAs are waiting for the other shoe to drop.
“We require investment advisors to register...There are a large number, some 35 per cent of investment advisors, still not registered,” Buch said at an event organised by the Association of Registered Investment Advisers (ARIA).
Under the plan, investment advisors will provide details of their designated bank accounts in which fees will have to be paid by their clients
Securities and Exchange Board of India on Tuesday proposed to recognise an entity designated as Research Analyst Administration and Supervisory Body (RAASB), which will be responsible for the administration and supervision of the research analysts.
Many RIAs have called it quits as they find it difficult to comply with new Sebi regulations