To facilitate the ease of doing business, Sebi today decided to provide permanent registration to merchant bankers, investment advisers, research analysts and eight other categories of market intermediaries.
The Securities and Exchange Board of India (Sebi) already gives permanent registration to stock brokers and sub-brokers subject to their compliance with certain requirements. The proposal to grant permanent registration to 11 more categories of market intermediaries was cleared by Sebi's board during its meeting here today.
Apart from merchant bankers and investment advisers, permanent registration would be granted to registrar to an issue and share transfer agent, bankers to an issue, underwriters, credit rating agency and debenture trustee.