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<h1>Regulation 16: Online Issuance of Municipal Debt Securities, Compliance with SEBI Requirements, Updated Asset Cover Rules in 2019.</h1> Regulation 16 of the Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015, addresses the electronic issuance of municipal debt securities. It allows issuers to conduct the issuance through an online system, mandating compliance with specified requirements set by the Board. This provision was updated in 2019, replacing the earlier requirement for issuers to maintain a 100% asset cover to ensure the discharge of the principal amount for issued debt securities.