SEBI amends operational guidelines on the listing of Commercial Papers

CIRCULAR NO. SEBI/HO/DDHS/P/CIR/2021/0692, Dated 17-12-2021

Based on feedback from market participants and recent regulatory changes and to bring about uniformity in requirements, the SEBI has proposed certain amendments to the circular about the listing of Commercial Paper; SEBI has prescribed that now issuer needs to submit details of the current tranche, including ISIN, amount, date of issue, maturity, all credit ratings including unaccepted ratings, date of the rating, name of the credit rating agency, its validity period, a declaration that rating is valid as at the date of issuance and listing, details of issuing and paying agent. The provisions of this circular shall come into effect immediately.

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