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of <h1>SEBI Amends Regulations: Indefinite Registration for Financial Intermediaries, Effective December 8, 2016; Periodic Fees Required.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to various regulations concerning the registration of certain financial intermediaries. These amendments, effective from December 8, 2016, remove the distinction between 'initial' and 'permanent' registration, making certificates valid indefinitely unless suspended or canceled. The regulations affected include those for merchant bankers, registrars, underwriters, debenture trustees, portfolio managers, bankers to an issue, depositories, credit rating agencies, KYC registration agencies, investment advisers, and research analysts. The amendments also require intermediaries to notify SEBI of any changes in their registration information and to pay periodic fees to maintain their registration.
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