Credit Risk-o-Meter disclosure becomes mandatory across debt-security offer materials, advertisements, and bond platforms using colour-coded ratings.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Credit Risk-o-Meter disclosure becomes mandatory for listed and proposed issuances of non-convertible securities, commercial paper, securitised debt instruments, security receipts, and structured or market-linked debentures. Issuers and online bond platform providers must display the colour-coded meter in offer materials, private placement memoranda, advertisements, and relevant web and mobile interfaces. The meter maps credit ratings to six risk levels, must show the CRA, actual rating and unsecured status, and must use the lowest rating where multiple ratings apply. OBPPs must source ratings only from registered CRAs, update changes within 24 hours of depository intimation, prohibit manual overrides, and retain audit trails. These requirements take effect 45 days after issuance.....