Sebi strengthens information obligations relating to listed debt securities

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Sebi decided on Wednesday to bring the transactions of promoters and directors of listed companies in listed debt securities under the control of the system.

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

System-induced disclosures have already been implemented for members of the promoter group, promoters, directors and designate of a listed company under insider trading standards.

The information concerns the trading of shares and derivative instruments on shares – futures and options – of the listed company by these entities.

Information relating to the equity and equity derivatives segments is posted on the exchange’s website under the heading “System-Driven Disclosures”.

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

In July 2020, Sebi changed the insider trading standards, according to which listed entities will be required to maintain a structured digital database containing unpublished price sensitive information, names of people who shared the information, automation of the process for filing disclosures on exchanges and the restriction. on the trading window.

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