SEBI amends operational guidelines on listing of Commercial Papers

In order to bring about uniformity in requirements, SEBI has proposed certain amendments to circular pertaining to listing of Commercial Paper, SEBI has prescribed that now issuer needs to submit details of current tranche including ISIN, amount, date of issue, maturity, all credit ratings including unaccepted ratings, date of rating, name of the credit rating agency, its validity period, declaration that rating is valid as at date of issuance and listing, details of issuing and paying agent.In order to bring about uniformity in requirements, SEBI has proposed certain amendments to circular pertaining to listing of Commercial Paper, SEBI has prescribed that now issuer needs to submit details of current tranche including ISIN, amount, date of issue, maturity, all credit ratings including unaccepted ratings, date of rating, name of the credit rating agency, its validity period, declaration that rating is valid as at date of issuance and listing, details of issuing and paying agent.taxmann.com Latest Statutory HappeningsRead More

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