SEBI于2024年12月更新了商业银行规则,设定了资本和活动限额,并用欧洲证券交易协议的独立估价人取代商业银行,以提高透明度。 SEBI updated merchant banker rules in Dec 2024, setting capital and activity limits and replacing merchant bankers with independent valuers for ESOPs to improve transparency.

SEBI自2024年12月3日起更新了商行条例,引入了资本充足框架,要求最低25%的流动净值,并根据净值和允许的活动将公司分为两级。 SEBI has updated merchant banker regulations effective December 3, 2024, introducing a capital adequacy framework requiring a minimum 25% liquid net worth and categorizing firms into two tiers based on net worth and permitted activities. 承保限额上限为流动净值的20倍,并适用最低收入限额,但不可兑换证券和债务票据除外。 Underwriting limits are capped at 20 times liquid net worth, and minimum revenue thresholds apply, with exceptions for non-convertible securities and debt instruments. 监管机构还取代了商业银行,为ESOP和血汗股本估值建立了独立估值人,以提高透明度。 The regulator also replaced merchant bankers with independent valuers for ESOP and sweat equity valuations to boost transparency.