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of <h1>SEBI Updates Merchant Bankers Regulations: Mandates Periodic Reports and Omits Schedule IV from 1992 Rules.</h1> The Securities and Exchange Board of India (SEBI) issued the Merchant Bankers (Amendment) Regulations, 2012, effective upon publication in the Official Gazette. This amendment modifies the original 1992 regulations, specifically updating regulation 28, sub-regulation (2), to require merchant bankers to submit periodic reports as specified by SEBI. Additionally, 'Schedule IV' from the original regulations is omitted. These changes are part of a series of amendments to the 1992 regulations, which have been periodically updated since their inception to address various operational and compliance aspects of merchant banking in India.
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