Now Reading: SEBI eases call recording rule for research analysts
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SEBI eases call recording rule for research analysts
The Story in Brief
Market regulator SEBI on Friday, 23 October 2026, relaxed mandatory call recording requirements for research analysts and research entities when interacting with institutional investors. The move, approved by the SEBI board in September 2026, aims to reduce compliance burden and improve ease of doing business, the regulator said in a circular.
Research analysts must still maintain records of interactions with all clients and prospective clients through other verifiable methods, including signed physical documents, emails from registered email IDs, SMS records, or any other legally verifiable record. Call recordings are not mandatory where communications occur through channels that already leave a digital trail, such as email. Records must be preserved for five years, or longer in case of a dispute or if SEBI directs.
The revised provisions will come into effect from 8 November 2026. SEBI has directed the Research Analysts Administration and Supervisory Body (RAASB) to update its rules accordingly.
Indian Opinion Analysis
The three sources report the same circular in identical terms, attributing the relaxation to SEBI's stated aim of easing compliance. All note the retained obligation to keep records through other means, preserving oversight. The coverage is uniform straight reporting, with no outlet framing the move as either pro-business or as a regulatory retreat. The key implementation date is 8 November 2026, when the revised norms take effect.
Coverage: 3 sources, 3 neutral
Sources (3): socialnews.xyz (neutral report), aninews.in (neutral report), rediff.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
