Parul
The Securities and Exchange Board of India (SEBI) has launched of the official website for the Association of Registered Research Analysts of India (ARRAI) on December 9, 2024. The platform was inaugurated by Kamlesh Chandra Varshney, Whole-Time Member of SEBI, and Jeevan Sonparote, CGM-in-charge of the Market Intermediaries Regulation and Supervision Department (MIRSD).
ARRAI, a SEBI-recognised registered body, represents SEBI-registered research analysts in India. Its formation and the launch of this website signify a step towards fostering collective growth, ethical practices, and investor trust in the Indian financial market.
Key objectives of ARRAI:
Building a supportive and strong community for research analysts.
Collaborating with SEBI and other regulators for effective policymaking.
Promoting best practices, professionalism, and ethical standards in the industry.
Enhancing investor trust through education and awareness.
Speaking at the event, Kamlesh Chandra Varshney congratulated the association for uniting research analysts under one platform. He highlighted the role of ARRAI in facilitating consultations between SEBI and the analyst community while encouraging efforts to bring unregistered analysts into the regulatory framework. Varshney also emphasised the critical role of research analysts in educating investors and promoting long-term investment habits.
Sonparote lauded the efforts of ARRAI’s founding members and extended his best wishes for their endeavors. He expressed optimism about the association’s potential to create a professional and well-regulated environment for research analysts.
Representing ARRAI, Mayank Bansal and Punit Madan expressed their gratitude to SEBI officials. Mayank Bansal described research analysts as “knowledge workers of the economy” who enable informed investment decisions, contributing to efficient capital allocation in financial markets.
The online launch was attended by over 100 research analysts from across India, demonstrating widespread support and interest in the initiative.
The newly launched website will serve as a hub for the country’s 1,400+ registered research analysts, allowing them to become members, contribute to policy discussions, and shape the future of the industry.
This development is expected to strengthen the foundation of India’s research analyst community, ensuring their active participation in driving ethical and professional standards and safeguarding investor interests.
