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

Review of Chapter IX - Green Debt Securities of the Operational Circular for issue and listing of Non-Convertible Securities (NCS), Securitised Debt Instruments (SDI), Security Receipts (SR), Municipal Debt Securities and Commercial Paper (CP) dated August 10, 2021

06-Feb-2023 | SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/023

SEBI has made amendments in Chapter IX of the NCS Operational Circular which deals with the disclosure requirements for the issue and listing of green debt securities in the backdrop of increasing interest in sustainable finance in India as well as around the globe and with a view to aligning the extant framework for green debt securities with the updated Green Bond Principles (GBP) recognized by IOSCO.
Modifications have been made in the given Paragraphs-
1. Initial disclosure requirements for issue and listing of green debt securities;
2. Continuous disclosure requirements for listed green debt securities;
3. Responsibilities of the issuer.
The provisions of this circular shall come into force for all issues of green debt securities launched on or after April 1, 2023.

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