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of <h1>SEBI Amends 1994 Regulations: Bankers Can Now Provide Escrow Services, Must Be Registered to Manage Issues.</h1> The Securities and Exchange Board of India (SEBI) has issued an amendment to the Bankers to an Issue Regulations, 1994, effective upon publication in the Official Gazette. Key changes include the addition of new sub-clauses in regulation 2, allowing bankers to provide escrow services, open separate bank accounts for IPO/FPO proceeds, and undertake other specified activities. Regulation 3 now mandates that only registered entities can act as bankers to an issue, with existing sub-regulations renumbered. These amendments aim to enhance the regulatory framework governing bankers involved in issue management, buybacks, delistings, or open offers.
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