Sebi Frames New Reporting Format

New Delhi: Markets regulator Sebi came out with a standardised format for periodic reporting for research analysts (RAs) and proxy advisers (PAs). The regulator has recognised the Research Analyst Administration and Supervisory Body (RAASB) for the administration and supervision of RAs under the RA Regulations. As the Proxy Advisers (PAs) are registered under the RA norms, they will also come under the purview of RAASB. In its circular, Sebi said that RAs will submit their periodic report to RAASB, and PAs will submit their periodic reports to Sebi.