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of <h1>SEBI 2015 Regulations on Municipal Debt Securities: Public Issuance and Private Placement Rules Updated in 2019.</h1> The Securities and Exchange Board of India (SEBI) Regulations, 2015, concerning the issuance and listing of municipal debt securities, apply to two main scenarios: (a) the issuance and listing of these securities by an issuer through public issuance, and (b) the issuance and listing of these securities on a private placement basis, provided they are intended or disclosed to be listed on a recognized stock exchange. These provisions were updated through a notification in 2019, revising the initial regulatory framework.
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