Research analysts employed with a research firm or a brokerage house are not required to obtain registration certificate from the capital market regulator Sebi. However, firms that employ these analysts are required to obtain the certificate, the Sebi clarified on Tuesday. 

"The individuals employed as research analyst by research entity are required to comply with qualification and certification requirements as specified in the regulations", the Sebi said while answering queries the new regulations on research analysts. 

But, independent research analysts, who are not employed with any registered firm, are required to obtain the certificate from the market regulator, it said. 

Firms or individual analysts must file an application within the period of six months from December 01, 2014 to get the registration.  (Economic Times)