Simple idea on title with Audit-needs.

1. Security Exchange Board of India
(Research Analysts) Regulations, 2014
(A) Introduction, Need and pillars of Regulation
I. Introduction Security Exchange Board of India (Research Analysts)
Regulations, 2014 this regulation is applicable on the
ninetieth day from the date of their publication.
II. Need Security Exchange Board of India is responsible for
implementing and regulating policies and also aim to
protect investor’ interest through safety regulations
III. Pillars
1. Research analyst A person* who is primarily responsible for-
- Preparation or publication of the content of the
research report
- Providing research report
- Making “Buy/Sell/Hold” Recommendation
- Giving price target
- Offering and opinion concerning public offer
2. Research Report Written and electronic communication
- Research analysis
- Research Recommendation
- An opinion concerning securities or public offer
- Basis for investment
But not Include
- comments on general trends in the securities
market.
- Discussions on the broad- based indices.
- Commentaries on economic, Political or market
conditions.
- Periodic reports or other communications
• Unit holders of mutual fund
• Alternative investment fund
• Portfolio managers

2. • Investment Advisers
- Internal communication that are not given to
current or prospective client.
- Communications that constitute offer
documents or prospectus.
- Statistical summaries of financial data of the
companies.
- Technical analysis relating to the demand and
supply in a sector or the index.
Any other communication
* Term “Person” is wide itself, it includes Company, LLP, Individual, Body of
Corporate, Association of Individuals.
3. Public appearance
Not a Public
Appearance
Public Appearance
- Password protected
webcast
- Conference call or
other with the client
- Participation in conference call
- Seminar forum
- Radio
- Television
- Internet
- Web
- Print media broadcast
- Authoring
- Print media article
- Other public speaking activity
(B) Meaning of Compliance Audit and need in this regulation.
(I) Compliance Audit
Definition According to The international Standards of Supreme
Audit Institutions Compliance auditing is the
independent assessment of whether a given subject
matter is in compliance with applicable authorities
identified as criteria.
Need To know and determine whether a process or
transaction has or has not followed applicable
regulation.
SEBI always work for Investor interest and Research analyst have great
responsibility towards investor.