IndiaSEBI Compliance

SEBI Research Analyst Compliance Calendar 2026-27

Most compliance trouble is not a deliberate breach. It is a missed date. Here is every recurring SEBI obligation a Research Analyst carries, on one page, so you can drop it into your calendar and stop carrying the deadlines in your head. Bookmark it; we keep it current.

June 1, 2026 ยท 7 min read ยท By Aaradhya M

Note: General information, not legal advice. Dates and obligations change; confirm each against the current SEBI and RAASB circulars and your own registration.

The calendar

WhenWhat
ContinuousRegulation 25 record-keeping: signed, dated research reports retained 5 years; conflict and AI disclosures in every report.
At onboardingKYC, signed client agreement, MITC acknowledgement, risk profiling where applicable.
Per complaintSCORES resolution within 21 days; log every complaint in the register.
MonthlyRefresh the complaints disclosure on your website; reconcile the complaint register.
Within 6 months of FY-endComplete the annual compliance audit under Regulation 25(3) by a CA, CS or Cost Accountant.
By 31 OctoberSubmit the annual compliance audit report to RAASB; publish the status and any adverse findings on your website.
AnnuallyFile the annual return; review fees against the โ‚น1,51,000 per family cap; refresh website disclosures and the investor charter.
Every 3 yearsRenew the NISM Series XV certification before expiry, via the renewal exam or CPE.
As clients changeKeep the deposit aligned to your client-count slab, marked as lien in favour of RAASB.

The one date to anchor to

If you remember only one, make it 31 October. That is the hard deadline for the annual compliance audit report to reach RAASB for the preceding financial year. Brief your auditor by August so there is time to fix anything before the report is finalised.

The continuous obligations are the real work

The dated deadlines are easy to diarise. The continuous ones, record-keeping, disclosures, complaint handling, are where practices actually slip, because they depend on doing the right thing every single time you send a client a note. That is the strongest case for automating the record. When every note is hashed and archived on send, the heaviest continuous obligation runs itself, and the audit in October is a download rather than a reconstruction.

FAQ

What is the most important RA compliance deadline?

The annual compliance audit. It must be completed within six months of financial year-end and the report submitted to RAASB within one month, and in any case not later than 31 October for the preceding financial year. Anchor your calendar to 31 October and work backwards.

How often do I update the complaints disclosure?

Periodically, usually monthly. Refresh the complaints table on your website on a fixed schedule so it never goes stale, since an out-of-date table is an easy inspection finding.

When does my NISM certification need renewing?

The NISM Series XV Research Analyst certification is valid for three years. Renew it before it expires, either through the Series XV-B renewal exam or the CPE program. A lapsed certificate cannot be renewed, so diarise it well ahead of the expiry date.

Which obligations are ongoing rather than dated?

Record-keeping under Regulation 25, conflict and AI disclosures in every report, KYC and agreements at onboarding, fee compliance within the cap, and complaint handling within the SCORES timelines. These run continuously, which is why automating the record-keeping pays off.

Related reads

Invite-only ยท For SEBI-registered Research Analysts

Run your research desk on Aktai.

Track filings across your client book, draft factual notes with AI, deliver them white-label over WhatsApp and email, and keep a 5-year audit trail. One tool.

โœฆ Filing to note in under 10 secondsโšก White-label WhatsApp delivery๐Ÿ”’ Regulation 25 audit trail
Request access โ†’See pricing โ†’

Open to SEBI-registered RAs ยท Verification required at sign-up

What AKTAI stands for

A

Always

K

Knowing

T

Trusted

A

Actionable

I

Instant

โš ๏ธ

Not financial advice. Aktai is not a financial adviser, broker, or research analyst, and is not registered with any financial regulator. It is a portfolio monitoring tool. We summarise public filings and news on the stocks you choose to follow, we do not advise on what any security is worth or recommend that you buy or sell it. Treat every alert as information, not a recommendation, and do your own research or speak to a licensed adviser before you act. Full disclaimer โ†’