Underwriting obligations require merchant bankers to conduct underwriting activities according to continuing regulatory requirements instead of fixed minimum commitments. Regulation 22 requires merchant bankers to undertake underwriting activities in the manner specified by the Board from time to time. The framework places ... Summary
Underwriting obligations require merchant bankers to conduct underwriting activities according to continuing regulatory requirements instead of fixed minimum commitments.
Regulation 22 requires merchant bankers to undertake underwriting activities in the manner specified by the Board from time to time. The framework places the content and scope of underwriting duties under continuing regulatory specification rather than retaining the earlier fixed minimum underwriting thresholds.
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