Sebi For More Transparency At RAs, IAs

New Delhi: Markets regulator Sebi has asked research analysts (RAs) and investment advisers (IAs) to disclose the most important terms and conditions of their services to clients.

These conditions, known as Most Important Terms and Conditions (MITC), are required to be standardised by the Industry Standards Forum in consultation with Sebi and the Research Analyst Administration and Supervisory Body (RAASB) or Investment Adviser Administration and Supervisory Body (IAASB), according to two separate circulars. Sebi said RAs are required to inform existing clients of the MITC by June 30, 2025, through email or another mode that can be preserved. Further, new clients need to sign agreements, including MITC.