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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....se to list Commercial Paper; Recognised Stock Exchanges; 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, Se....

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....luding unaccepted ratings, date of rating, name of credit rating agency, its validity 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 disclosu....

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....en in existence for less than three years." 3. The provisions of this circular shall come into effect immediately. 4. The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 55 (1) of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021 to protect the interest of invest....