SEBI update: Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT)

SEBI vide Circular dated March 29, 2022,  specified the manner of recording of charges by Issuers and manner of monitoring by  Debenture  Trustees,  Credit  Rating  Agencies,  etc., and responsibilities thereof.

Accordingly, with effect from April 01, 2022, the recording of asset details  (and their verification),  allotment,  listing, and payment of interest or redemption shall be available in the system.

This Circular is applicable to, Issuers who have listed or propose to list Non-convertible Securities, Securitised Debt Instruments, Recognized Stock Exchanges; Debenture Trustees registered, Credit Rating Agencies, and depositories registered with SEBI.

For Further details refer Circular:-

https://www.sebi.gov.in/legal/circulars/mar-2022/operational-guidelines-for-security-and-covenant-monitoring-using-distributed-ledger-technology-dlt-_57331.html