Circular on Specification of the consequential requirements with respect to Amendment of Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 dated January 2, 2026 by SEBI

Specifies detailed compliance requirements, timelines, and operational conditions for Merchant Bankers pursuant to the SEBI (Merchant Bankers) Amendment Regulations, 2025, including revised capital adequacy, liquid net worth, certification, governance, and activity-related norms.