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

NSE - Reiteration of SEBI Circular regarding the revised Norms for appointment of an independent third-party reviewer/ certifier for green debt security

02-Mar-2026 | NSE/CML/2026/15

NSE has reiterated the SEBI circular on the revised norms for appointing an independent third-party reviewer/certifier for green debt securities.

Pursuant to this circular, the following amendments have been made to Chapter IX of the Master Circular for the issue and listing of Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities, and Commercial Paper dated October 15, 2025:

a. Paragraph 1.8 of Chapter IX, which dealt with the appointment of an independent third-party reviewer/certifier for reviewing or certifying projects eligible for financing through green debt securities, has been omitted.

b. A new Paragraph 5 titled "Independent Third-Party Reviewer/Certifier" has been inserted. This paragraph specifies the conditions for the appointment of an independent third-party reviewer/certifier, outlines the scope of work, and also sets out the issuer's responsibility to disclose the details of such reviewer/certifier in the offer document.

Kindly refer to the attached document for further details.

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