Lead merchant banker association prohibition: ensure all participating merchant bankers hold valid registration before engaging in an issue. A lead merchant banker is prohibited from associating with any securities issue if any other merchant banker associated with that issue does not hold the ... Summary
Lead merchant banker association prohibition: ensure all participating merchant bankers hold valid registration before engaging in an issue.
A lead merchant banker is prohibited from associating with any securities issue if any other merchant banker associated with that issue does not hold the required certificate of registration; the lead must verify registrations and decline involvement where an unregistered merchant banker is present.
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