Relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs (outstanding as on December 31, 2023)

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..... es Madam/ Sir, Subject: Relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs (outstanding as on December 31, 2023) ( Modification to Chapter VIII of the Master Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper ) 1. Regulation 62A of the SEBI (L .....

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..... fies provisions pertaining to maximum number of ISINs that can mature in a financial year in respect of private placement of debt securities. 3. Clause 1 of Chapter VIII of NCS Master Circular reads as under: In respect of private placement of debt securities, the following shall be complied with regard to ISINs, utilised to issue debt securities from April 1, 2023: 1.1A maximum number of fourteen .....

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..... n the same financial year. The same should be intimated by the issuer to the stock exchanges and depositories. b. A maximum of five ISINs maturing per financial year shall be allowed for structured debt securities and market linked debt securities. 1.3 Where an issuer issues only structured/ market linked debt securities, the maximum number of ISINs allowed to mature in a financial year shall be n .....

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..... 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. 6. The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 r .....

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