BSE norms on corporate bonds soon

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MP Guru
BSE norms on corporate bonds soon

The Bombay Stock Exchange (BSE) will soon issue operating guidelines on the proposed mandatory reporting of all transactions in the corporate bonds market from January 1.

The Securities and Exchange Board of India (Sebi) on Tuesday made the formal announcement on the mandatory reporting structure related to corporate bonds. In the first phase of the implementation, the BSE would be setting up and maintaining a platform, the Sebi said.

The market regulator added that it is mandatory for all issuers, intermediaries and contracting parties, irrespective of their registration with it, to report to the platform.

“We will soon be issuing the guidelines on the operating structure. It is only the reporting mechanism and there is no trading platform. Every primary dealer will be able to report on the reporting system,” BSE MD and CEO Rajnikant Patel said on the sidelines of the launch of live price ticker and video screen on the BSE’s exterior wall on Thursday.

Stock tips in media under Sebi lens: Sebi is looking at ways to regulate stock market-related analysis and comments appearing in both print and electronic media to ensure that general investors are not misguided by vested interests, Sebi Chairman M Damodaran said.
 
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