Pursuant to the recommendation made by Corporate Bonds and Securitization Advisory Committee (CoBoSAC), SEBI is proposing to lay down regulatory framework for issue and listing of debt securities by municipalities.
In this regard, SEBI has initiated the public consultation process by preparing concept paper and draft regulations viz., SEBI (Issue and Listing of Debt Securities by Municipality) Regulations, 2015.
The Concept Paper and the draft SEBI (Issue and Listing of Debt Securities by Municipality) Regulations, 2015 are placed on SEBI website (www.sebi.gov.in) for public comments.
Comments of public are invited on the draft regulations latest by January 30, 2015. (Source- SEBI Press Release dated -30.12.2014)