SEBI on March 29, 2022 has issued Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed
Ledger Technology (DLT). All issuers proposing to issue non-convertible securities on or after April 01, 2022 shall record the details in the DLT system before activation of ISIN. Depositories are advised to allot or unfreeze an existing ISIN (in case of re-issuance), as applicable only after confirming recording of above-mentioned information.
For existing outstanding non-convertible securities, issuers will be required to enter the details into the DLT system on or before September 30, 2022 and DTs shall verify the same by November 30, 2022.
