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<h1>SEBI Amends Merchant Bankers Regulations: New Rules on Staffing, Grievance Redressal, Market Making, and Disclosure Obligations.</h1> The Securities and Exchange Board of India (SEBI) has issued amendments to the Merchant Bankers Regulations, 1992, effective upon publication in the Official Gazette. Key changes include modifications to regulation 6, requiring merchant bankers to employ at least two qualified professionals in finance, law, accountancy, or business management. Regulation 9A mandates comprehensive grievance redressal measures, while regulation 13A ensures market making compliance. Regulations 20 and 21A specify responsibilities and restrictions for lead managers and merchant bankers. Further amendments address terminology updates, disclosure obligations, and the submission of transaction particulars to SEBI. These changes aim to enhance regulatory clarity and operational efficiency for merchant bankers.