After warning the registered investment advisers (IAs), market regulator, Securities and Exchange Board of India (SEBI) has asked debenture trustees to disassociate themselves from undertaking activities related to unregulated products, such as digital gold.
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SEBI relaxes compliance timelines for debenture trustees
By IANS |
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SEBI.. Image Source: IANS News
Mumbai, May 3 : The Securities & Exchange Board of India has extended timelines for regulatory requirements for debenture trustees for the quarter and half-year ended March 31, amid the severe Covid crisis in the country.
In a circular, the capital market regulator said that the submission of reports certifications to stock exchanges can now be done till July 15.
The timeline for disclosures on websites including monitoring of asset cover certificate and quarterly compliance report of the listed entity, monitoring of utilisation certificate, status of information regarding breach of covenants or terms of the issue, if any action taken by debenture trustee, has been extended till July 15.