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    <title>Monitoring agency</title>
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    <description>Issuers with public issues above the prescribed threshold must have the use of proceeds monitored by a credit rating agency registered with the Board (excluding certain financial-sector issuers). The monitoring agency must submit Schedule XI format reports quarterly until two hundred per cent of proceeds are utilised; the issuer&#039;s board and management must comment on findings, and the issuer must publish the report within forty five days of each quarter end on its website and with listed stock exchanges.</description>
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      <description>Issuers with public issues above the prescribed threshold must have the use of proceeds monitored by a credit rating agency registered with the Board (excluding certain financial-sector issuers). The monitoring agency must submit Schedule XI format reports quarterly until two hundred per cent of proceeds are utilised; the issuer&#039;s board and management must comment on findings, and the issuer must publish the report within forty five days of each quarter end on its website and with listed stock exchanges.</description>
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