Exchange-traded corporate bond trading platforms authorized to enable order-driven and anonymous matching, with clearing, settlement and reporting requirements. SEBI authorizes exchanges to implement an order driven trade matching platform for listed corporate debt, preserving OTC features, requiring transactions through SEBI-registered brokers, allowing parallel OTC trades with reporting, permitting bilateral or exchange clearing and settlement, aligning shut periods with government securities, mandating Actual/Actual day count for new issues, and enabling eventual migration to anonymous order matching with multilateral netting and margining while imposing listing agreement amendments for electronic payments and disclosure of material modifications.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange-traded corporate bond trading platforms authorized to enable order-driven and anonymous matching, with clearing, settlement and reporting requirements.
SEBI authorizes exchanges to implement an order driven trade matching platform for listed corporate debt, preserving OTC features, requiring transactions through SEBI-registered brokers, allowing parallel OTC trades with reporting, permitting bilateral or exchange clearing and settlement, aligning shut periods with government securities, mandating Actual/Actual day count for new issues, and enabling eventual migration to anonymous order matching with multilateral netting and margining while imposing listing agreement amendments for electronic payments and disclosure of material modifications.
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