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          <h1>SEBI Regulations 2015: Framework for Municipal Debt Securities Issuance and Trading Updated in 2019 for Transparency</h1> The Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015, established a framework for the public issuance, listing, and trading of municipal debt securities. These regulations, enacted under the authority of Section 30 of the SEBI Act, 1992, came into effect upon their publication in the Official Gazette on July 15, 2015. The regulations aim to streamline the process and ensure transparency in the municipal bond market. Subsequent amendments in 2019 updated the terminology related to the issuance and listing of these securities.

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