Centralized database for corporate bonds requires issuers, depositories and exchanges to submit and verify standardized bond data daily. SEBI mandates a jointly maintained Centralized Database of corporate bonds in demat form, assigning Depositories the duties to create, host, synchronise, retain historical data, ensure data integrity and provide secure access; requiring Issuers to submit prescribed ISIN-time and periodic/event-based fields; obliging Stock Exchanges to update and verify data daily; and directing Credit Rating Agencies and Debenture Trustees to verify and correct rating and default information within timelines specified in Annex III. The circular applies to debt securities issued on or after August 1, 2021.
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.
Centralized database for corporate bonds requires issuers, depositories and exchanges to submit and verify standardized bond data daily.
SEBI mandates a jointly maintained Centralized Database of corporate bonds in demat form, assigning Depositories the duties to create, host, synchronise, retain historical data, ensure data integrity and provide secure access; requiring Issuers to submit prescribed ISIN-time and periodic/event-based fields; obliging Stock Exchanges to update and verify data daily; and directing Credit Rating Agencies and Debenture Trustees to verify and correct rating and default information within timelines specified in Annex III. The circular applies to debt securities issued on or after August 1, 2021.
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