SEBI Paper to Ease Rules for Investment Advisers, Research Analysts
Why in the news
SEBI sought comments on easing rules for RIAs and research analysts, whose numbers had shrunk.
Key facts
- Fee-based advisory regulation began in 2013; stringent compliance came in 2020; reforms since January 2025 have eased norms.
- High entry barriers and tough compliance stalled RIA growth.
- Two separate categories exist to curb conflict of interest and protect investors.
| Feature | Registered Investment Adviser | Research Analyst |
|---|---|---|
| Role | Advises clients for a fee | Publishes research reports or stock recommendations |
| SEBI registration | Mandatory | Mandatory |
| Governing rules | Investment Advisers Regulations, 2013 | Research Analysts Regulations, 2014 |
Exam angle
- Current RIA count: 967.
- Aims: professional standards and investor protection.