Transactions in Corporate Bonds through Request for Quote (RFQ) platform by Stock Brokers (SBs).

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....ate Bonds through Request for Quote (RFQ) platform by Stock Brokers (SBs). 1. SEBI has been taking steps to increase the liquidity on RFQ platform of stock exchanges to enhance the transparency and disclosure pertaining to trading in secondary market in corporate bonds. Certain stipulations have been made for transactions on RFQ platform by Mutual Funds [Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/....

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....ith effect from April 01, 2024, for all the trades in proprietary capacity, SBs shall undertake at least 25% of their total secondary market trades by value in CBs in that month by placing/seeking quotes through OTO or OTM mode on the RFQ platform of stock exchanges. c. SBs shall consider the trades executed by value through OTO or OTM mode of RFQ with respect to the total secondary marke....

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....ites; b. make amendments to the relevant bye-laws, rules and regulations for the implementation of the above provisions; c. communicate to SEBI, the status of the implementation of the provisions of this circular in their monthly development report; and d. file the compliance report beginning August 2023 with the Department of Debt and Hybrid Securities (DDHS), SEBI. ....