CA Tarun Nagpal

Source: https://www.freepik.com Research Analyst ("RA") / Investment adviser ("IA") Inspections are essential part of SEBI operations to ensure regulatory checks and balances in intermediaries eco system. Regulatory Provisions Chapter IV of both SEBI IA Regulations, 2013 and SEBI RA Regulations, 2014 refer to regulations that give power to SEBI to inspect books of accounts, records and documents related to IA or RA. Before Inspection SEBI may or may not serve notice of Inspection. In case,...

Source: https://www.freepik.com As the heading states that in this article we are going to explore the impact of Digital Personal Data protection Act on SEBI registered research analysts and Investment advisers. Before we start, it is essential to understand few key terms under the Act in simpler terms Data Principals - It means individual with whom personal data belongs. In case of a child and person with disability, it includes lawful guardian. ( For SEBI RA/IA, it means the clients whose...

SEBI vide its amendment dated 16th Dec 24 in SEBI RA Regulations, 2014 and further vide its circular SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2025/004 dated 8th Jan 25 had made it mandatory for research analyst to do KYC of fee paying clients. The amendment dated 16th Dec 24 to SEBI RA regulations, 2014 has included KYC as mandatory books of records under regulation 25 (1). What is the logic behind making KYC important ? I divide answer to this question in two parts PART 1 : The logic, spirit and...