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    <title>Action against intermediaries</title>
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    <description>Regulation 21 authorises the Board to initiate enforcement proceedings where intermediaries in buy back transactions fail to comply with their obligations or fail to observe due diligence; merchant bankers may be proceeded against under the Merchant Bankers Regulations, and registrars or brokers under the regulations applicable to them.</description>
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      <description>Regulation 21 authorises the Board to initiate enforcement proceedings where intermediaries in buy back transactions fail to comply with their obligations or fail to observe due diligence; merchant bankers may be proceeded against under the Merchant Bankers Regulations, and registrars or brokers under the regulations applicable to them.</description>
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