SEBI constitutes ‘Municipal Bonds Development Committee’

PR No.06/2020

SEBI constitutes ‘Municipal Bonds Development Committee’

In order to make recommendations to SEBI on policy matters pertaining to development of municipal debt securities market, SEBI has constituted a Municipal Bonds Development Committee headed by Shri Sujit Prasad, Executive Director, SEBI and comprising of representatives from ministry, municipal corporation, lawyers, professionals and market practitioners as members.

The terms of reference of the committee would be as under:

a. To advise SEBI on issues related to regulation and development of primary and secondary market of municipal debt securities.

b. To advise SEBI on matters required to be taken up for changes in legal framework to introduce simplification and transparency in systems and procedures in the primary and secondary market.

c. To advise SEBI on matters relating to regulation of intermediaries for ensuring investor protection in the primary and secondary market.

d. To recommend SEBI on measures to facilitate issuers (i.e. municipalities) for issuance of municipal debt securities.

The committee may be contacted at [email protected].

Mumbai

February 14, 2020