{"data": {"schema": "publicfeed.update.v1", "id": "SEBIL-c8c0d3d1d02d9d2bf407", "url": "https://publicfeed.in/orders/SEBIL-c8c0d3d1d02d9d2bf407", "headline": "Call recording requirements relaxed for institutional clients of research analysts", "summary": "The Securities and Exchange Board of India (SEBI) issued Circular HO/38/11/(9)2026-MIRSD-POD/I/24272/2026 on 23 October 2026. 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. The new rules take effect on 8 November 2026.", "key_points": ["From 8 Nov 2026: Call recordings for institutional investors are not mandatory.", "Other records (emails, SMS, signed documents) must still be kept for all clients.", "Interaction records must generally be maintained for five years.", "RAASB must update its bye-laws and rules to implement these changes."], "issued_date": "2026-10-23", "listing_date": "2026-10-23", "document": {"form": "CIRCULAR", "number": "HO/38/11/(9)2026-MIRSD-POD/I/24272/2026", "type": "Circulars", "legal_character": "executive_administrative_instruction", "functions": ["directs_procedure", "amends_text"], "cites": ["Regulation 25(1)(vii) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014", "SEBI Master Circular for Research Analysts dated February 6, 2026"]}, "issuer": "Securities and Exchange Board of India", "department": null, "source": {"key": "sebi_legal", "name": "Securities and Exchange Board of India", "site": "www.sebi.gov.in", "official_url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1792753022042.pdf"}, "topics": ["research analysts", "record keeping", "institutional investors"], "reader_topics": ["Government services"], "intent": "changes", "states": [], "national": true, "places": [], "applies_to": ["Research Analysts or Research Entities"], "dates": [{"kind": "effective", "date": "2026-11-08", "wording": "November 08, 2026", "what": "provisions of this circular shall come into effect", "counts_from": null}], "revision": "34291b75c14498a3", "recorded_at": "2026-10-23T12:45:34.251863+00:00", "provenance": {"method": "ai_summary", "automated_check": "pass", "human_review": "pending"}}, "meta": {"schema": "publicfeed.update.v1", "count": 1, "next": null, "plan": "free", "feed_updated_at": "2026-10-24T01:01:07.734014+00:00", "generated_at": "2026-10-24T01:17:55+00:00"}, "attribution": "Data: PublicFeed (https://publicfeed.in), summarising official documents linked in each record. Summaries are AI-generated and not legal advice; the official original is the authority.", "license": "https://publicfeed.in/terms#data-licence"}