SEBI, through its circular dated June 2, 2025, has revised the Investor Charter for Research Analysts to enhance financial consumer protection, inclusion, and literacy, taking into account recent developments such as the Online Dispute Resolution (ODR) platform and SCORES 2.0. The updated charter (Annexure A), developed in consultation with the Industry Standards Forum (ISF), must be prominently displayed on Research Analysts’ websites, mobile apps, and offices, and provided to clients during onboarding.
Additionally, Research Analysts are required to disclose monthly data on complaints and their redressal (Annexure B) on their websites by the 7th of each month. This circular, effective immediately, supersedes SEBI’s earlier circular dated December 13, 2021, and amends Clause 5 of the Master Circular for Research Analysts dated May 21, 2024.
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