Registration categories: introduction of initial and permanent registration for bankers to an issue, with application, fee and transitional rules. Regulations create distinct initial and permanent registration for bankers to an issue: initial registration is granted on eligibility for a fixed term subject to prescribed fees and certain existing registrants are deemed initial registrants with pro rata fee liability; applicants may seek permanent registration near expiry of initial registration by applying with updated information, paying a non refundable fee, and undergoing processing as a fresh application, with grant subject to eligibility and fees.