SEBI Invites Comments Consultation Paper On Online Bond Trading Platforms
The Securities and Exchange Board of India (SEBI)has invited comments on online bond trading platforms' proposed regulatory framework by August 12, 2022.As per the paper, debt securities can be issued either through a public issuance or on a private placement basis. A public issue of debt securities is made through the online system of the Stock Exchanges and Depositories. Presently,...
The Securities and Exchange Board of India (SEBI)has invited comments on online bond trading platforms' proposed regulatory framework by August 12, 2022.
As per the paper, debt securities can be issued either through a public issuance or on a private placement basis. A public issue of debt securities is made through the online system of the Stock Exchanges and Depositories.
Presently, the participants, namely qualified institutional buyers (QIBs) and non-QIBs, including arrangers who have been authorised by the issuer, are eligible to bid on the EBP platforms.
A substantial number of issuances of debt securities are made through the private placement mode. While non-QIB investors authorised by the issuer are eligible to bid/participate on the EBP platform, there is no participation from non-institutional investors as hardly any market participant other than QIBs invests through the EBP platforms.
The subject of the communication is "Comments on the Consultation Paper on Online Bond Trading Platforms-Proposed Regulatory Framework". Comments should be sent to Pradeep Ramakrishnan, General Manager, Department of Debt & Hybrid Securities, Securities and Exchange Board of India, SEBI Bhavan, C4-A, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051 or by post to Pradeep Ramakrishnan, General Manager, Department of Debt & Hybrid Securities, Securities and Exchange Board of India, SEBI Bhavan, C4-A,
Issued on: July 21, 2022
Click Here To Read/Download Notice