Capital market regulator, the Securities and Exchange Board of India (SEBI), will soon announce guidelines for listing Small and Medium Enterprises (SMEs). The move is expected to provide a separate exchange or a platform for SMEs. SEBI Chairman C B Bhave said this in Mumbai today. More than four months have passed since SEBI first announced draft guidelines for a separate exchange or a platform for SMEs. The final guidelines will be somewhat different from the draft norms, as they will incorporate feedback from various market participants. The guidelines have been finalised internally. Mr. Bhave said there were quite a few meetings with industry participants, including stock exchanges, investment bankers and investor associations. SEBI will also do away with the process of vetting offer documents for listing on the SME segment. In other words, an investment banker has to do the due diligence itself and file the prospectus with the market regulator and the exchange. SEBI will not issue any observation. The company can hit the market any time after filing the offer document.