Corporate Bond Market – Launch of Reporting Platform
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....ck Exchanges Dear Sirs, Sub: Corporate Bond Market - Launch of Reporting Platform I. SEBI had issued circular No.SEBI/MRD/SE/AT/36/2003/30/09 dated September 30, 2003 stipulating the conditions to be complied in respect of private placement of debt securities. These conditions governed three aspects, viz., issuance, listing and trading of privately placed debt securities. Subsequently, circular....
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....setting up and maintaining a corporate bond reporting platform as envisaged in the first phase. For the purpose, the following shall be implemented with effect from January 1, 2007: 1. The term 'Corporate Bonds' for this purpose shall include all listed debt securities issued by institutions such as Banks, Public Sector Undertakings, Municipal Corporations, bodies corporate and companies. 2. A....
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....ensure that the Corporate Bond Reporting platform for the purpose shall be available from 10.00 am to 5.30 pm on all trading days. 5. The access to the platform for the purpose of reporting will be given to all market intermediaries who approach BSE for the purpose. The connectivity to the non-members of the Exchange would be enabled through Virtual Private Network (VPN). 6. The BSE shall popu....
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....ssued by all institutions such as Banks, Public Sector Undertakings, Municipal Corporations, bodies corporate and companies. 2. The reporting of trades in Corporate Bonds shall be made by all person(s) dealing in such corporate bonds irrespective of whether they are SEBI registered intermediaries or otherwise. V. Direction to Stock Exchanges All Stock Exchanges are directed to: a. Make neces....
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