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    <title>Disclosures and compliance requirements for Issuance and Listing of Municipal Debt Securities under SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015, which fall within the definition of “green debt security”</title>
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    <description>Issuers of municipal debt securities may issue instruments that qualify as green debt security if they meet the definition in Regulation 2(1)(q) of the NCS Regulations. Such issuers must comply with ILMDS Regulations and the additional provisions, initial and continuous disclosure requirements, and compliance obligations for green debt security as specified under the NCS Regulations and related circulars. Stock Exchanges and Depositories must update rules and systems, disseminate the circular, report implementation to SEBI and monitor compliance.</description>
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