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Securities and Exchange Board of India
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Rules & decisions

Call recording requirements relaxed for institutional clients of research analysts

It modifies the rules for Research Analysts and Research Entities, making it no longer mandatory to record phone calls with clients who are institutional investors. This change is part of an effort to make doing business easier.

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Issued by
Securities and Exchange Board of India
Published on
Securities and Exchange Board of India, www.sebi.gov.in (Circularss)
Dated
23 October 2026
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