Corporate Bond Market – Launch of Reporting Platform

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..... k Exchanges Dear Sirs, Sub: Corporate Bond Market - Launch of Reporting Platform I. SEBI had issued circular No.SEBI/MRD/SE/AT/36/2003/30/09 dated September 30, 2003 stipulating the conditions to be complied in respect of private placement of debt securities. These conditions governed three aspects, viz., issuance, listing and trading of privately placed debt securities. Subsequently, circular .....

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..... etting up and maintaining a corporate bond reporting platform as envisaged in the first phase. For the purpose, the following shall be implemented with effect from January 1, 2007: 1. The term 'Corporate Bonds' for this purpose shall include all listed debt securities issued by institutions such as Banks, Public Sector Undertakings, Municipal Corporations, bodies corporate and companies. 2. Al .....

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..... nsure that the Corporate Bond Reporting platform for the purpose shall be available from 10.00 am to 5.30 pm on all trading days. 5. The access to the platform for the purpose of reporting will be given to all market intermediaries who approach BSE for the purpose. The connectivity to the non-members of the Exchange would be enabled through Virtual Private Network (VPN). 6. The BSE shall popul .....

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..... sued by all institutions such as Banks, Public Sector Undertakings, Municipal Corporations, bodies corporate and companies. 2. The reporting of trades in Corporate Bonds shall be made by all person(s) dealing in such corporate bonds irrespective of whether they are SEBI registered intermediaries or otherwise. V. Direction to Stock Exchanges All Stock Exchanges are directed to: a. Make necess .....

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..... and to promote the development of, and to regulate the securities market. The provisions of the earlier circulars No.SEBI/MRD/SE/AT/36/2003/30/09 dated September 30, 2003 and Circular No.SEBI/MRD/SE/AT/46/2003 dated December 22, 2003 in so far as they are inconsistent with the provisions of the instant circular shall stand superceded. VII. This circular is available on SEBI website at www.sebi.g .....

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