To ward off any attempts to manipulate share prices
through independent reports on stocks & listed companies, SEBI may soon issue a new set of guidelines for research analysts covering Indian markets.
While regulated entities like brokerage firms, investment banks and fund houses are already under SEBIs ambit for their research reports, the capital markets watchdog is now working on a detailed code of conduct & guidelines to be followed by the independent research analysts, a senior official said.
Earlier this 2013 year, SEBI notified separate Investment Advisor Regulations, which covers registered individuals & entities providing research and advisory services for a fee.
However, it was felt that a separate code or / set of guidelines needs to be prescribed for all kinds of research analysts, the official said.
Src: ET
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