International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025 Chapter IV SPECIFIC OBLIGATIONS AND RESPONSIBILITIES
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Underwriting obligations limited: investment bankers face capped underwriting capacity tied to their net worth under IFSC rules. Investment bankers must enter written engagement agreements specifying roles and responsibilities; lead bankers' duties must be clearly demarcated. Promoter or associate investment bankers are restricted to marketing activities; senior personnel are prohibited from trading on unpublished price sensitive information and must disclose any acquisitions of client issuer securities to the Authority within fifteen days. Underwriting in the IFSC is permitted only under written underwriting agreements detailing obligations, commission, duties and timelines, and aggregate underwriting commitments are capped relative to the investment banker's net worth.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Underwriting obligations limited: investment bankers face capped underwriting capacity tied to their net worth under IFSC rules.
Investment bankers must enter written engagement agreements specifying roles and responsibilities; lead bankers' duties must be clearly demarcated. Promoter or associate investment bankers are restricted to marketing activities; senior personnel are prohibited from trading on unpublished price sensitive information and must disclose any acquisitions of client issuer securities to the Authority within fifteen days. Underwriting in the IFSC is permitted only under written underwriting agreements detailing obligations, commission, duties and timelines, and aggregate underwriting commitments are capped relative to the investment banker's net worth.
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