SEBI vide circular "SEBI (Research Analysts) (Third Amendment) Regulations, 2024 [Notification No. SEBI/LAD-NRO/GN/2024/220 dated December 16, 2024]" has made certain changes in the provisions related to the following: (

SEBI vide circular SEBI (Research Analysts) (Third Amendment) Regulations, 2024 dated December 16, 2024 made the following amendments pertaining to funding related aspects: Capital Adequacy requirement for the Research Analyst The capital adequacy requirement for the research analyst is substituted with deposit requirements under regulation 6(vi) and regulation 8. Regulation 8 is reproduced below: "Deposit. (1) A research analyst shall maintain a deposit of such sum as specified by the Board from time to time. (2) The deposit shall be maintained with a scheduled bank, marked as lien in favour of a body or body corporate recognised by the Board for the purpose of administration and supervision of research analysts in accordance with Regulation 14 of these regulations. However, such deposit shall be available for utilization in case the research analyst fails to pay dues emanating out of arbitration and conciliation proceedings, if any, under the Online Dispute Resolution Mechanism or such other mechanism as may be specified by the Board.