How to register with SEBI as a Research Analyst?

SEBI Regulations
5

Eligibility

The detailed eligibility criteria is available in the SEBI RA Regulations (2014) on the SEBI website. In a nutshell:

Education:

  1. MBA in finance OR
    2 Graduate + Post Graduate Diploma in Finance or Capital Markets OR
  2. Graduate + 5 Years of relevant experience.

NOTE: I am a mechanical engineer, so I had to do my PGD to be eligible. I did my Post Graduate Diploma in Financial Markets Practice from IGNOU (long distance learning).

NISM Certification:

  1. NISM Series (XV) Research Analyst

Net Worth:

  1. Net Worth greater than 1 lakh Rs. for Individuals (as verified by a CA issued certificate)

Income Tax Returns

  1. Last 3 years of income tax returns filed (ITR acknowledgements)

Infrastructure

  1. Basic office setup with communication (internet/telephone/etc.) facilities, software & hardware.
    NOTE: Your home can be your office.

Your only job/Full-time

  1. SEBI expects you to be a RA full-time, i.e. it should be your only job. This brings in a seriousness to the whole advisory business. I was specifically asked this question considering my IT background.
    NOTE: This might not be mentioned any where in the official documentation, but I do feel this is a de facto eligibility criteria.
17 Likes