SEBI Update: Automated Continual Disclosures to include debt securities of equity listed Company

✓ SEBI, vide circular dated June 16, 2021, mandated to include the listed debt securities of equity listed companies under the purview of System Driven Disclosures for member(s) of promoter group and designated person(s) in  addition to the promoter(s) and director(s) of Company. 

✓ System Driven Disclosures has been implemented for member(s) of promoter group and designated person(s) in  addition to the promoter(s) and director(s) of company under Regulation 7(2) of PIT Regulations pertaining to trading in equity shares and equity derivative instruments i.e. Futures and Options of the listed company (wherever applicable) by the entities. The disclosures for  Equity and Equity Derivative segments are being displayed on the exchange Website under ‘System Driven Disclosures’.

✓Further, the procedure for mplementationn of System Driven Disclosures as provided in SEBI circular no. SEBI/HO/ISD/ISD/CIR/P/2020/168 dated September 09, 2020, shall also be

applicable for the listed Debt Securities.

✓ The Depositories and Stock Exchanges directed to make necessary arrangements such that the disclosures pertaining to listed Debt Securities along with equity shares and equity derivative instruments are disseminated on the websites of respective stock exchanges with effect from July 01, 2021.

✓ To refer SEBI Circular, please click here.