Sebi proposes changes in norms pertaining to non-convertible securities
Markets regulator Sebi plans to introduce the concept of general information and key information documents as well as other reforms in regulations pertaining to issuance and listing of non-convertible securities.
Sebi (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (NCS Regulations) were notified in August 2021.
The watchdog has issued a consultation paper on proposal for introduction of the concept of General Information Document (GID) and Key Information Document (KID), mandatory listing of debt securities of listed issuers and other reforms under the NCS Regulations.
"... certain provisions of the NCS Regulations are being reviewed and additional provisions are proposed to be introduced, in order to provide ease of doing business to the issuers, safeguard the interests of the investors and at the same time increase transparency in the market by encouraging issuances of debt securities in the listed space," it said.
Comments have been sought on the consultat