For SEBI-registered Research Analysts in India
Employee dealing and restricted list for SEBI Research Analysts
SEBI restricts how research staff trade in the stocks they cover. Aktai gives you a pre-clearance desk: staff ask before they trade, the request is checked against your restricted and grey lists, and the owner approves or rejects it with the decision kept on record.
Included on: All plans
What it does
- Staff submit a request before a personal trade: stock, side, quantity and a reason.
- Each request is flagged automatically if the stock is on your restricted or grey list.
- The owner or compliance officer approves or rejects with a note. Nobody clears their own request, unless they are the only member of the firm.
- Tiles show pending and flagged requests at a glance.
- A restricted and grey list you keep up to date.
- Every request and decision is kept with who decided and when.
How it works
Keep the lists
Add the stocks you cover or are about to cover to the restricted or grey list.
Staff ask first
Before trading, a team member files a request with the stock, side and quantity.
Decide
Flagged requests stand out. The owner approves or rejects with a note.
Keep the trail
The request and the decision stay on record for the auditor.
Before and after
| Task | By hand | With Aktai |
|---|---|---|
| Pre-clearance | A WhatsApp message to the owner. | A request with the stock, side, quantity and reason. |
| Restricted stocks | Remembered, or not. | Flagged against your restricted and grey lists. |
| Record | Lost in chat history. | Every decision kept with name and time. |
The SEBI rule behind it
- RA Regulations 2014, Reg 15 and Reg 16
- Personal dealing by the RA and its research staff is monitored and restricted around research on a stock, including the period from 30 days before to 5 days after a report.
- RA Regulations 2014, Reg 19
- Research reports disclose financial interests and holdings in the subject company.
Summaries in plain words, not the legal text. SEBI amends its rules and circulars, so check the current version on sebi.gov.in before you rely on any of this. Aktai is the software and the record. Compliance stays with you as the registered Research Analyst. This is not legal advice.
What it does not do
- Aktai does not apply the 30-day and 5-day window by itself. It flags stocks on your lists, and the owner judges each request.
- Staff holdings declarations for the Reg 19 disclosure are not collected here.
Frequently asked questions
Who can approve a trade request?
The owner or compliance officer. A person cannot approve their own request unless they are the only member of the firm, and that is noted on the record.
What is the difference between the restricted and grey lists?
Both flag a request automatically. Use the restricted list for stocks staff must not trade and the grey list for ones under watch, such as a stock you are about to cover.
Does Aktai block trades in the 30-day window?
No. Aktai cannot see your staff’s broker accounts. It flags requests against your lists and records the decision. The owner applies the window.
Do I need this as a solo RA?
SEBI’s dealing rules apply to you as well. A solo RA can still log trades and clear them, and the record notes there is only one member.
Related features
Run your research desk on Aktai
Open to SEBI-registered Research Analysts. Pick a plan on the pricing page and sign up online.