Revision to Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper

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....xchanges; Registered Depositories; Registered Credit Rating Agencies, Debenture Trustees, Depository Participants, Merchant Bankers, Registrars to an Issue and Share Transfer Agents, Bankers to an Issue Madam/ Sir, Sub: Revision to Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial ....

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....ty period, declaration that the rating is valid as at the date of issuance and listing, details of issuing and paying agent and other conditions, if any." A new paragraph 4.5 be inserted as follows: "Where an issue is made by an issuer who has been in existence for less than three years, a disclosure that the issue is open for subscription only to Qualified Institutional Buyers." Paragraph 5....