The Securities and Exchange Board of India (SEBI) is expanding its System Driven Disclosures initiative to include listed debt securities. This means that disclosures related to trading in debt securities by promoters, promoter group members, directors, and designated persons will now be automated and displayed on stock exchange websites. This change, effective from July 1, 2021, follows the phased implementation of System Driven Disclosures for equity and equity derivative segments.
CIRCULAR
SEBI/HO/ISD/ISD/CIR/P/2021/578
June16, 2021
To
All Listed Companies
All Depositories
All NationwideStock Exchanges
Dear Sir/Madam,
Sub: Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 -System driven disclosuresfor inclusion oflistedDebt Securities.
1.SEBI, vide circularno.SEBI/HO/ISD/ISD/CIR/P/2020/168dated September 09, 20201,implemented theSystem Driven Disclosures in phases,under SEBI (Prohibition o
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FAQ :
The circular aims to automate continual disclosures under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, specifically for listed debt securities.
The system-driven disclosures apply to promoters, members of the promoter group, directors, and designated persons of listed companies.
Listed debt securities are now included, in addition to equity shares and equity derivative instruments.
The disclosures pertaining to listed debt securities will be disseminated on stock exchange websites with effect from July 1, 2021.
The disclosures for both equity and equity derivative segments, and now debt securities, are displayed on the exchange websites under 'System Driven Disclosures'.
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Notification No : SEBI/HO/ISD/ISD/CIR/P/2021/578Published in Investments & Personal Finance
Source : https://www.sebi.gov.in/legal/circulars/jun-2021/automation-of-continual-disclosures-under-regulation-7-2-of-sebi-prohibition-of-insider-trading-regulations-2015-system-driven-disclosures-for-inclusion-of-listed-debt-securities_50572.html