Monitoring of Issue Proceeds: standardized report requires detailed project costs, surplus investment disclosure and utilisation commentary.

The monitoring agency must submit a structured half yearly report identifying the issue and issuer, detailing arrangements for monitoring proceeds, project name and location, original and revised project costs with explanations for overruns and proposed financing, progress measured by period and cumulative expenditure, and sources of finance raised. If cumulative funds exceed expenditure, the agency must disclose surplus investments by instrument, amount, maturity, earnings and counterparty, separately for group and others, and provide comments on utilisation, delays, statutory approvals, technical collaborations, deviations, and material events, signed by the monitoring agency.

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