Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments) (Amendment) Regulations, 2018 - SEBI/LAD-NRO/GN/2018/26 - SEBI
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Listing of security receipts now permitted under a private placement regime with valuation, rating, and NAV disclosure requirements. The amendments permit issuance and listing of security receipts issued by trusts set up by asset reconstruction companies on a private placement basis to qualified buyers, subject to Reserve Bank guidelines, independent valuation prior to listing, credit rating, dematerialisation, prescribed disclosures in the offer document, compliance with listing obligations, and specified trading, reporting and NAV disclosure requirements, including periodic valuation and rating-based NAV disclosure.
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Listing of security receipts now permitted under a private placement regime with valuation, rating, and NAV disclosure requirements.
The amendments permit issuance and listing of security receipts issued by trusts set up by asset reconstruction companies on a private placement basis to qualified buyers, subject to Reserve Bank guidelines, independent valuation prior to listing, credit rating, dematerialisation, prescribed disclosures in the offer document, compliance with listing obligations, and specified trading, reporting and NAV disclosure requirements, including periodic valuation and rating-based NAV disclosure.
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