Sebi mulls easing compliance rules for research analysts on call records
Markets regulator Sebi on Monday proposed easing the requirement for research analysts to maintain call recordings of interactions with institutional clients, a move aimed at reducing compliance burden and improving ease of doing business.
Markets regulator Sebi on Monday proposed easing the requirement for research analysts to maintain call recordings of interactions with institutional clients, a move aimed at reducing compliance burden and improving ease of doing business.
In a consultation paper, the regulator suggested that research analysts (RAs) and research entities should no longer be required to maintain call recordings for communications with institutional investors, though they should still need to preserve other records of interactions, such as emails, SMS messages and any other legally verifiable documents.
The proposed relaxation will apply only to institutional investors, while the requirement to maintain all records, including call recordings, will continue for retail clients, Sebi suggested.
