Securities And Exchange Board Of India - Subsection
Section 18(6) in Securities and Exchange Board of India (Research Analysts) Regulations, 2014
(6)Investment banking or merchant banking or brokerage services division?s personnel of research entity shall not direct the individuals employed as research analyst to engage in sales or marketing related to an investment banking or merchant banking or brokerage services and shall not direct the research analyst to engage in any communication with a current or prospective client about such division's transaction:Provided that sub-regulations (4) to (6) shall not prohibit research analyst or research entity from engaging in investor education activities including publication of pre-deal research and briefing the views of the research analyst on the transaction to the sales or marketing personnel.
