SEBI Amends Bankers to an Issue Regulations by Expanding Their Scope of Activities
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- Last Updated on 22 November, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/211; Dated: 20.11.2024
SEBI has notified the SEBI (Bankers to an Issue) (Amendment) Regulations, 2024. As per the amended norms, SEBI has expanded the scope of activities carried out by ‘banker to an issue’ under Regulation 2(aa). These activities now include providing escrow services for the purpose of issue management, delisting, buyback or open offer and other activities specified by the Board. Further, a person must not act as a banker to an issue unless a certificate of registration has been obtained from the Board.
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