The Securities and Exchange Board of India (SEBI) has issued a clarification regarding the eligibility of professional accountants to conduct annual audits for Research Analysts. Specifically, the circular confirms that members of the Institute of Cost Accountants of India are eligible to perform these audits. This action serves to clarify existing regulations and ensure a sufficient pool of qualified professionals for compliance oversight.

Compliance officers overseeing Research Analysts should note this clarification. While no new obligations are imposed, entities should ensure their chosen auditors meet the clarified eligibility requirements. This guidance aims to streamline the audit process and confirm the recognized professional bodies whose members can undertake this regulatory function.