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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE-Reiteration of SEBI circular Review of provisions pertaining to Electronic Book Provider (EBP) platform

09-Jun-2025 | 20250609-49

BSE has reiterated SEBI’s circular regarding the review of provisions related to the Electronic Book Provider (EBP) platform, aimed at enhancing its efficacy and utility. Key highlights: 1. The EBP platform will now apply to the private placement of debt securities, Non-Convertible Redeemable Preference Shares (NCRPS), and municipal debt securities, as per SEBI regulations. Previously, it was applicable only to private placement of debt securities and NCRPS (Clause 2.1, Chapter VI of the Master Circular). 2. Optional access for other instruments: Issuers may opt to use the EBP platform for private placement of securitised debt instruments, security receipts, commercial papers (CPs), certificates of deposit (CDs), and units of REITs, SM REITs, and InvITs, provided the issuer is structured as a REIT, SM REIT, or InvIT (Clause 3, Chapter VI of the Master Circular). 3. Issuers must provide the Information Memorandum and term sheet at least two working days before the issue opening date. 4. For first-time issuers using the EBP platform, the documents must be submitted at least three working days before the issue opening date (Clause 5.2, Chapter VI of the Master Circular). Kindly refer to the attached document for further details.

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