The Securities and Exchange Board of India (SEBI) on December 13, 2024 regarding the Relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs (outstanding as on December 31, 2023).
The following has been stated namely: -
• Reference is drawn to Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper dated May 22, 2024.
• Clause 4A is hereby inserted in Chapter VIII of the NCS Master Circular: -
“4A. Unlisted ISINs outstanding as on December 31, 2023, which are converted to listed ISINs, pursuant to the provision of Regulation 62A(2) of LODR Regulations shall be excluded from the maximum limit of ISINs to mature in a financial year.”
This states that unlisted ISINs outstanding as on December 31, 2023, converted to listed ISINs, subsequent to introduction of Regulation 62A, shall be excluded from the maximum limit of ISINs.
[Notification No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2024/173]
