SEBI further caps limit for ISINs to reduce fragmentation and boost liquidity

– Lovish Jain, Executive |

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Centralised database for Corporate Bonds & Debentures

-SEBI’s new circular provides further ease of access of information

Payal Agarwal, Executive | Vinod Kothari and Company ( )


SEBI, the capital market regulator in India, has brought a series of amendments in the month of May, 2021 amending all the major regulations applicable to the entities under its regulatory ambit. The trend is still being continued by SEBI. This time, SEBI has brought a circular for streamlining the information available in the centralised database, in order to provide ease of access of information to the investors. In view of the same, the erstwhile circular dated 22nd October, 2013 (2013 Circular) dealing with the centralised database for the corporate bonds/ debentures have been superseded by the circular dated 4th June, 2021 (Circular).  Through this Circular, some enhanced disclosure requirements are required to be ensured by the issuers, while responsibility is placed upon the shoulders of credit rating agencies and debenture trustees to verify the information given by the issuer as well as notify the discrepancies, if any to the stock exchanges.


This Circular is applicable for all recognised stock exchanges, registered depositories, registered credit rating agencies, debenture trustees, and issuer of listed debt securities.

Further, this Circular is applicable for debt securities issued on or after 1st August, 2021.

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