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<h1>SEBI Issues Circular on Listing Obligations for Non-convertible Securities, Securitized Debt, and Commercial Paper; Effective August 1, 2022.</h1> The Securities and Exchange Board of India (SEBI) has issued an operational circular detailing listing obligations and disclosure requirements for issuers of Non-convertible Securities, Securitized Debt Instruments, and Commercial Paper. This circular consolidates existing guidelines to streamline corporate bond market regulation, effective August 1, 2022. It includes formats for reporting the use of issue proceeds and credit rating reviews, among other submissions. Recognized stock exchanges and issuers must comply, update systems, and ensure stakeholder awareness. This circular supersedes previous ones, except those applicable to all listed entities, and is available on SEBI's website.