Are small firms, partnership firms and individual Research Analysts also required to comply?
Yes. The requirement is not restricted to large organisations. Individual and corporate Research Analysts and Investment Advisers are covered, along with other applicable SEBI-regulated entities.
The circular applies to “all REs” (regulated entities). It does not carve out an exemption based on the size of the firm, its turnover, or whether the registration is held by an individual, a partnership firm or a company.
If you hold a SEBI registration as a Research Analyst or Investment Adviser and you serve clients through a website or app, the requirement applies to you.
What the circular says
“The provisions of this circular shall be applicable to all REs with effect from the date of this circular.”
Regulatory reference
- Circular
- Rights of Persons with Disabilities Act, 2016 and rules made thereunder – mandatory compliance by all Regulated Entities
- Circular number
- SEBI/HO/ITD-1/ITD_VIAP/P/CIR/2025/111
- Dated
- 31 July 2025
- Where to look
- Paragraph 7