https://www.taxtmi.com/circulars?id=65022 SEBI requires depositories to develop and host a distributed ledger-based Security and Covenant Monitoring system to record and monitor security creation, asset cover, covenants, charge registration, interest and redemption payments, and credit rating information for non-convertible securities; issuers must upload asset, charge and covenant details at ISIN creation, DTs must validate and upload due diligence and valuation reports, CRAs validate rating information, and the platform must provide secure access, document upload, audit trails, verification workflows, alerts and interoperability, with testing and phased implementation as directed by SEBI. en-us Fri, 13 Aug 2021 00:00:00 +0530 Sat, 14 Aug 2021 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65022 SEBI requires depositories to develop and host a distributed ledger-based Security and Covenant Monitoring system to record and monitor security creation, asset cover, covenants, charge registration, interest and redemption payments, and credit rating information for non-convertible securities; issuers must upload asset, charge and covenant details at ISIN creation, DTs must validate and upload due diligence and valuation reports, CRAs validate rating information, and the platform must provide secure access, document upload, audit trails, verification workflows, alerts and interoperability, with testing and phased implementation as directed by SEBI. Circulars SEBI Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65022