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<h1>Merchant Bankers Must Comply with SEBI's Investor Charter Under Regulation 28D for Enhanced Transparency and Investor Protection.</h1> Regulation 28D of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 mandates that merchant bankers comply with the Investor Charter as specified by the Board. This requirement ensures that merchant bankers adhere to the guidelines and obligations outlined in the Investor Charter, which is updated periodically by SEBI to protect investor interests and promote transparency in financial dealings.