CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF DEBT SECURITIES - Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF DEBT SECURITIES - Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
Disclosure obligations ensure offer documents furnish all material information, imposing layered statutory and board-mandated requirements. Regulation 5 requires the offer document for public debt issues to contain all disclosures material to a subscriber's investment decision, where ... Summary
Disclosure obligations ensure offer documents furnish all material information, imposing layered statutory and board-mandated requirements.
Regulation 5 requires the offer document for public debt issues to contain all disclosures material to a subscriber's investment decision, where "material" means anything likely to impact that decision. The issuer and lead merchant banker must ensure inclusion of statutory company-law disclosures, the items specified in Schedule I, and any additional disclosures the Board may require, creating baseline and supplementary disclosure obligations for debt security offerings.
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