Regulatory Alerts2026-01-02
SEBI Circular on Consequential Requirements for Amendment of Merchant Bankers Regulations 1992
The Securities and Exchange Board of India issued this circular to specify compliance timelines and operational requirements following the SEBI (Merchant Bankers) Amendment Regulations, 2025. It mandates phased capital adequacy and liquid net worth standards for existing merchant bankers, requiring category reclassification by January 2027 and full compliance by January 2028. Additionally, the document enforces new rules regarding underwriting limits, mandatory staff certifications, independent compliance officers, minimum revenue thresholds, and strict segregation of non-regulated activities.
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