Minimum capital requirement for merchant bankers raised; amendment increases regulatory threshold and takes effect on Gazette publication. Amendment increases the minimum capital requirement for registered merchant bankers by substituting the specified minimum in sub regulation (2) of regulation 7 of the Merchant Bankers Regulations, 1992, raising the regulatory threshold that applicants or holders must meet to qualify as merchant bankers, and takes effect upon publication in the Official Gazette.
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Minimum capital requirement for merchant bankers raised; amendment increases regulatory threshold and takes effect on Gazette publication.
Amendment increases the minimum capital requirement for registered merchant bankers by substituting the specified minimum in sub regulation (2) of regulation 7 of the Merchant Bankers Regulations, 1992, raising the regulatory threshold that applicants or holders must meet to qualify as merchant bankers, and takes effect upon publication in the Official Gazette.
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