The Securities and Exchange Board of India (SEBI) on Friday said the SEBI (Research Analysts) Regulations, 2014 (RA Regulations), would come into effect from December 1. This was notified on September 1. “No person shall act as research analyst or research entity or hold itself out as research analyst unless he has obtained a certificate of registration from SEBI under these regulations unless an exemption specifically applies,” SEBI said in a release.