Sebi tweaks operational guidelines on listing of commercial papers
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Capital markets regulator Sebi on Friday tweaked operational guidelines pertaining to the listing of commercial papers in order to bring uniformity in requirements. To ease the compliance burden on listed entities, Sebi in August consolidated existing procedSebi tweaks operational guidelines on listing of commercial papers
Capital markets regulator Sebi on Friday tweaked operational guidelines pertaining to the listing of commercial papers in order to bring uniformity in requirements. To ease the compliance burden on listed entities, Sebi in August consolidated existing procedures pertaining to issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper. Based on feedback from market participants and recent regulatory changes, in order to bring about uniformity in requirements, certain amendments are being made to guidelines pertaining to listing of commercial paper (CP), Sebi said in a circular. An issuer who plans to list CP needs to forward an application for listing along with disclosures to the stock exchanges concerned. With regards to issue, Sebi said an issuer needs to submit details of current tranche including ISIN, amount, date of issue, maturity, all credit ratings including unaccepted ratings, date of .. Read more