Compulsory market making ensures liquidity for SME-listed securities through merchant bankers and market makers under specified conditions. Regulation 106V requires merchant bankers to ensure compulsory market making for specified SME securities on the SME exchange for a prescribed minimum period, permitting agreements with nominated investors approved by the SME exchange and mandating disclosure of market-making arrangements in the offer document. Market-making inventory may be transferred between market maker and nominated investor, with the market maker's inventory at allotment required to meet a minimum proportion of proposed listed securities. Restrictions include buying entire small holdings below the exchange's minimum contract size, prohibition on buying from promoters or promoter-group acquires during the compulsory period, and limited eligibility of promoters' holdings absent prior exchange permission.