Permanent Registration for Market Intermediaries

SEBI previously followed a two-step process for registering market intermediaries, involving initial and permanent registration. However, to streamline the process and reduce compliance costs, SEBI decided to grant a one-step permanent registration to market intermediaries like merchant bankers, registrar to an issue and share transfer agent, bankers to an issue, underwriters, credit rating agencies, debenture trustees, depository participants, and KYC registration agencies.