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<h1>SEBI Issues Guidelines for Structured Products and Market-Linked Debentures, Including Disclosure and Eligibility Requirements, Effective November 2011.</h1> The circular issued by SEBI outlines guidelines for the issuance and listing of structured products and market-linked debentures. These securities, which differ from traditional debt securities by offering market-linked returns, require additional disclosures in offer documents. Key conditions include the applicability of guidelines to securities with a principal debt component, eligibility criteria for issuers with a minimum net worth of Rs. 100 crore, and a minimum ticket size of Rs. 10 lakh. Disclosure requirements include credit ratings, risk factors, and valuation details. Issuers must appoint a third-party valuation agency, and intermediaries must ensure retail investors understand the associated risks. Stock exchanges, merchant bankers, and credit rating agencies must comply with these guidelines. The circular applies to offer documents seeking approval from November 1, 2011.