Merchant banker obligations ensure escrow, disclosure and funds arrangements for buy-backs and require a final report after expiry. The regulation requires the merchant banker to verify the company's ability to implement the buy-back, ensure escrow and payment arrangements, confirm that the public announcement and letter of offer are made and filed, furnish a due diligence certificate with the draft letter of offer, and ensure that disclosures are true, fair and adequate. The banker must confirm compliance with sections 68-70 of the Companies Act and ensure the escrow bank releases balances only after all regulatory obligations are fulfilled; a final electronic report must be submitted to the Board within fifteen working days of buy-back expiry.