Sebi strengthens disclosure requirements for listed debt securities



NEW DELHI: Sebi on Wednesday moved to place promoters of listed companies and administrators’ transactions in listed debt securities under the control of system-focused disclosures.

Exchanges and custodians will arrange for information about listed debt securities as well as equity and equity derivatives to be posted on the respective exchanges’ websites from July 1, Sebi said in a statement. circular.

System-driven disclosures have already been implemented for members of the promoter group, promoters, directors and designated person of a publicly traded company under the insider trading standards.

The disclosures relate to the trading of stocks and stock derivatives – futures and options – of the listed company by these entities.

Disclosures for the equity and equity derivatives segments are posted on the exchange’s website under “system-provided information”.

It has now been decided to include publicly traded debt securities of publicly traded companies as part of the system-focused disclosures for those entities, Sebi said.

In July 2020, Sebi amended insider trading standards, which require listed entities to maintain a structured digital database containing unpublished price-sensitive information, names of individuals who shared the information, automation of the process of filing disclosures to exchanges and the restriction on the trading window.

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