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: (

Appointment of Compliance Officer (Regulation 26) A non-individual research analyst or research entity shall appoint either: (i) a compliance officer; or (ii) an independent professional who is a member of ICSI, ICAI or ICMAI or member of any other professional body as may be specified by the SEBI, provided that such a professional holds a relevant certification from NISM, as specified by the Board who shall be responsible for monitoring the compliance of the provisions of the Act, these regulations and circulars issued by the SEBI. Where independent professional referred above is appointed for monitoring compliance, the principal officer shall submit an undertaking to the SEBI or the body or body corporate recognised under Regulation 14 of these regulations to the effect that principal officer shall be responsible for monitoring the compliance in respect of the requirements of the Act, regulations, notifications, guidelines, instructions issued by the SEBI.