SEBI Operational Circular for issue and listing of Non-convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper

The Securities Exchange Board of India through circular dated August 10, 2021 has issued an Operational Circular for issue and listing of Non-convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper. Recognized Stock Exchanges, Depositories, other SEBI registered intermediaries, Issuers and other stakeholders are directed to:

1. Comply with the conditions laid down in this circular;
2. Put in place necessary systems and infrastructure for implementation of this circular;
3. Make consequential changes, if any, to their respective bye-laws and bidding portal; and
4. Communicate and create awareness amongst stakeholders.