Sebi comes out with reporting format for research analysts, proxy advisers

Markets regulator Sebi on Friday 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. The periodic reports will be submitted by RAs/PAs within 30 days from the last date of the reporting period.Further, RAs/PAs are required to submit periodic reports for half-yearly periods ending on September 30 and March 31 of every financial year. The first reporting period will be a half-yearly period ending on March 31, 2025, and reports thereof will be required to be submitted by April 30, 2025.Hence, a time of around six months h