The Securities and Exchange Board of India (SEBI) on December 11, 2024, Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024 to further amend the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
The following amendments have been stated:
• In regulation 2, in sub-regulation (1), after clause (o), the following shall be inserted, namely, -
“(oa) Environment, Social and Governance Debt Securities or “ESG Debt Securities” means green debt securities, social bonds, sustainability bonds, sustainability-linked bonds, or any other type of bonds, by whatever name called, that are issued in accordance with such international frameworks as adapted or adjusted to suit Indian requirements that are specified by the Board from time to time, and any other securities as specified by the Board.”
• After regulation 12, the following shall be inserted, namely, -
“Issuance of Environment, Social and Governance Debt Securities
12A. An issuer desirous of issuing and listing of Environment, Social and Governance Debt Securities shall comply with such conditions as may be specified by the Board.”
• Regulation 26 shall be omitted.
They shall come into force on December 11, 2024.
[Notification No. SEBI/LAD-NRO/GN/2024/217 ]
