SEBI Extends Merchant Banker Compliance Deadlines Due to Operational Challenges

Extended Compliance Deadlines for Merchant Bankers by SEBI

The Securities and Exchange Board of India (SEBI) has decided to extend the compliance deadlines for merchant bankers concerning the segregation of Strategic Business Units (SBU) and revised net worth norms. This decision comes in light of feedback from industry participants who highlighted operational challenges in meeting these new requirements.

By aligning major compliance milestones with the financial year-end, SEBI aims to ease the transition for merchant bankers as they adapt to the updated norms. This extension reflects SEBI's commitment to supporting industry participants in navigating regulatory changes.

Legal practitioners working with merchant bankers should advise their clients to leverage this extension to ensure full compliance with new norms, thereby mitigating potential compliance risks.