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of <h1>SEBI Launches Issue Summary Document in XBRL for Streamlined Securities Transactions; Compliance Begins March 2023.</h1> The Securities and Exchange Board of India (SEBI) introduced the Issue Summary Document (ISD) to streamline data dissemination related to public issues, buybacks, and other securities transactions. The ISD, formatted in XBRL, covers various issues like IPOs, rights issues, and delistings. It is filed in two stages: pre-issue and post-issue. Stock exchanges and depositories are required to facilitate ISD filings and ensure dissemination through their websites. Implementation is phased, starting March 1, 2023, for public issues. Lead Managers must publish related advertisements online. SEBI mandates compliance and reporting on implementation progress.
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