SEBI notified regarding disclosures and compliance requirements for the Issuance and Listing of Municipal Debt Securities which fall within the “green debt security” definition

Nov 24, 2022 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Securities and Exchange Board of India (SEBI) on November 24, 2022, issued a notification regarding disclosures and compliance requirements for the Issuance and Listing of Municipal Debt Securities under SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015, which fall within the definition of “green debt security”.

The following has been stated namely: -

• The following are the compliances an issuer under the ILMDS Regulations would have to undertake in case it is desirous of issuing a green debt security, in the absence of required provisions in the SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015.

1. An issuer may issue a green debt security if it falls within the definition as per SEBI (Issue and Listing of Non-Convertible Securities) regulation, 2021.

2. Issuer, shall, in addition to the requirements prescribed under the ILMDS Regulations and circulars issued thereunder, comply with the provisions for ‘green debt security’ as specified under the NCS Regulations and circulars issued thereunder.

 

This has come into force on November 24, 2022

 

[Notification No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/158]

 


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