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SEBI issued regulatory guidance mandating listed entities to follow industry standards developed by ISF for material event disclosures under Regulation 30 of LODR Regulations. The standards, formulated through collaboration between ASSOCHAM, CII, and FICCI under stock exchange oversight, aim to streamline business compliance requirements. The circular, exercising powers under Section 11(1) and 11A of SEBI Act 1992, directs stock exchanges to ensure listed entities' adherence to these standards. Industry associations and exchanges are required to publish these standards on their websites, establishing a unified framework for material event reporting compliance.
SEBI issued regulatory guidance mandating listed entities to follow industry standards developed by ISF for material event disclosures under Regulation 30 of LODR Regulations. The standards, formulated through collaboration between ASSOCHAM, CII, and FICCI under stock exchange oversight, aim to streamline business compliance requirements. The circular, exercising powers under Section 11(1) and 11A of SEBI Act 1992, directs stock exchanges to ensure listed entities' adherence to these standards. Industry associations and exchanges are required to publish these standards on their websites, establishing a unified framework for material event reporting compliance.
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