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In August 2023, an Expert Committee under the chairmanship of S K Mohanty, former whole-time member of SEBI, was formed, which, among other things, also delved into the issue of reviewing the regulatory framework for merchant bankers.
advisor or adviser in marketing materials, disclosures, customer agreements, websites, on business cards or on social media while operating in the capacity of a BD’s RR (not as an IA); 13 32 percent of BDs that allowed RRs to use the title had no prerequisite for the RRs’ use of that title ( e.g., requiring the RR to be dually registered as both an RR and IA representative). 14 38 percent of BDs surveyed did not have E&O insurance to cover investor losses. 15 16 2. Reg BI Survey, Phase Two & Examinations, 2021 The Committee plans to conduct Phase Two of the Reg BI Survey this summer, and...