Securities and Exchange Board of India (Research Analysts) Regulations, 2014

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement
Regulation 2	:	Definitions
Chapter: II
REGISTRATION OF RESEARCH ANALYSTS
Regulation 3	:	Application for grant of certificate
Regulation 4	:	Issuance of research report by a person located outside India
Regulation 5	:	Furnishing of further information, clarification and personal representation
Regulation 6	:	Consideration of application and eligibility criteria
Regulation 7	:	Qualification and certification requirement
Regulation 8	:	Capital adequacy
Regulation 9	:	Grant of certificate of registration
Regulation 10	:	Period of validity of certificate
Regulation 11	:	Renewal of certificate
Regulation 12	:	Procedure where registration is refused
Regulation 13	:	Conditions of certificate
Regulation 14	:	Recognition of body or body corporate for administration and supervision of research analysts.
Chapter: III
MANAGEMENT OF CONFLICTS OF INTEREST AND DISCLOSURE REQUIREMENTS
Regulation 15	:	Establishing Internal policies and procedures
Regulation 16	:	Limitations on trading by research analysts
Regulation 17	:	Compensation of research analysts
Regulation 18	:	Limitations on publication of research report, public appearance and conduct of business, etc.
Regulation 19	:	Disclosures in research reports
Regulation 20	:	Contents of research report
Regulation 21	:	Recommendations in public media.
Regulation 22	:	Distribution of research reports.
Regulation 23	:	Additional disclosures by proxy adviser
Regulation 24	:	General responsibility
Regulation 25	:	Maintenance of records
Regulation 26	:	Appointment of compliance officer
Regulation 26A	:	Dispute Resolution
Regulation 26B	:	Redressal of investor grievances
Chapter: IV
INSPECTION
Regulation 27	:	Board’s right to inspect.
Regulation 28	:	Notice before inspection.
Regulation 29	:	Obligation of research analyst on inspection
Regulation 30	:	Submission of report to the Board.
Regulation 31	:	Action on the inspection report
Chapter: V
PROCEDURE FOR ACTION IN CASE OF DEFAULT
Regulation 32	:	Liability for action in case of default.
Chapter: V-A
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 32A	:	Exemption from enforcement of the regulations in special cases
Chapter: VI
MISCELLANEOUS
Regulation 33	:	Power of the Board to issue clarifications etc.
Regulation 34	:	Power of the Board over body or body corporate recognized under regulation 14.
SCHEDULE
SCHEDULE - I	:	Application for grant of certificate of registration
SCHEDULE - II	:	FEES
SCHEDULE - III	:	CODE OF CONDUCT FOR RESEARCH ANALYST