Regulation 25 - Trading and reporting of municipal debt securities
Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 Chapter VI CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF MUNICIPAL DEBT SECURITIES
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Trading and reporting of municipal debt securities must be cleared via recognised clearing corporations and reported on authorised trading platforms. Trades in listed municipal debt securities must be cleared and settled through a recognised clearing corporation as specified by the Board, while OTC ... Summary
Trading and reporting of municipal debt securities must be cleared via recognised clearing corporations and reported on authorised trading platforms.
Trades in listed municipal debt securities must be cleared and settled through a recognised clearing corporation as specified by the Board, while OTC trades must be reported on a recognised stock exchange with a nationwide trading terminal or other Board specified platform. Issuer and instrument details, ratings and rating migration, coupon and buyback information are required to be reported to a common database as specified by the Board.
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