Electronic Book Provider platform: mandatory for specified private placements with enhanced disclosure, allocation and anchor investor rules. Revisions require specified private placements of debt, NCRPS and municipal debt to be conducted through the EBP platform while allowing elective EBP use for securitised instruments, money-market instruments and REIT/InvIT units; smaller issues may opt in. Issuers must provide the Placement Memorandum and term sheet to the EBP within prescribed lead times, disclose issue size and green shoe portion (green shoe capped at five times base size) and anchor investor details; anchor allocations are capped by credit-rating bands and must be electronically confirmed by T 1 day. Allotment at cut-off uses pro-rata rules; EBPs must publish detailed issuance data by defined timelines. Certain clauses have staggered effective dates.
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Provisions expressly mentioned in the judgment/order text.
Electronic Book Provider platform: mandatory for specified private placements with enhanced disclosure, allocation and anchor investor rules.
Revisions require specified private placements of debt, NCRPS and municipal debt to be conducted through the EBP platform while allowing elective EBP use for securitised instruments, money-market instruments and REIT/InvIT units; smaller issues may opt in. Issuers must provide the Placement Memorandum and term sheet to the EBP within prescribed lead times, disclose issue size and green shoe portion (green shoe capped at five times base size) and anchor investor details; anchor allocations are capped by credit-rating bands and must be electronically confirmed by T 1 day. Allotment at cut-off uses pro-rata rules; EBPs must publish detailed issuance data by defined timelines. Certain clauses have staggered effective dates.
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