Corporate Bond Market – Launch of Reporting Platform
Securities and Exchange Board of India (SEBI) has issued a circular to the Stock Exchanges on the setting up of a system by the Bombay Stock Exchange Limited to capture all information related to trading in corporate bonds as accurately and as close to execution as possible through an authorized reporting platform. When implemented, all entities transacting in debt securities issued by banks, public sector undertakings, municipal corporations, bodies corporate and companies shall be required to report the trades on the said platform.
The full text of the above circular is available on the website: www.sebi.gov.in
December 12, 2006