{"id":32317,"date":"2022-03-29T22:05:43","date_gmt":"2022-03-29T16:35:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-sebi-covenant-monitoring\/"},"modified":"2022-03-30T07:32:10","modified_gmt":"2022-03-30T02:02:10","slug":"biz-sebi-covenant-monitoring","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-sebi-covenant-monitoring\/","title":{"rendered":"Sebi issues operational guidelines for covenant monitoring with DLT"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1082905392\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Mar 29 (PTI) Markets watchdog Sebi on Tuesday issued the operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2816989210\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> In August 2021, the regulator had specified the manner of recording of charges by issuers and manner of monitoring by Debenture Trustees (DTs) and Credit Rating Agencies, among others.<\/p>\n<p> As the backbone of the DLT system would be uniqueness of assets recorded in the system, a unique identifier (asset ID) would be allotted for each asset offered by an issuer as security for the non-convertible securities.<\/p>\n<p> For data exchange and verification across depositories, format for unique asset ID would be a 12-digit alphanumeric string.<\/p><div class=\"trade-content_5\" id=\"trade-4027189714\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The DLT system would provide an alert to the issuer and the DT by having appropriate validation\/ duplicate checks in the system for identifying possible duplicate entries for assets of an issuer, Sebi said in a circular.<\/p>\n<p> To begin with, certain assets would be tracked at portfolio level and no specific parameters for the underlying assets would be captured. It would include movable assets such as furniture and equipment, and current assets like portfolio of advances\/ receivables.<\/p>\n<p> All issuers proposing to issue non-convertible securities on or after April 1 should record the details in the system before activation of ISIN.<\/p>\n<p> &#8220;For existing outstanding non-convertible securities, issuers will be required to enter the details into the DLT system on or before September 30, 2022 and DTs shall verify the same by November 30, 2022,&#8221; Sebi said. PTI RAM  MR MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-1776997810\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 29 (PTI) Markets watchdog Sebi on Tuesday issued the operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT). In August 2021, the regulator had specified the manner of recording of charges by issuers and manner of monitoring by Debenture Trustees (DTs) and Credit Rating Agencies, among others. As the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-32317","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sebi issues operational guidelines for covenant monitoring with DLT - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-sebi-covenant-monitoring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi issues operational guidelines for covenant monitoring with DLT\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 29 (PTI) Markets watchdog Sebi on Tuesday issued the operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT). 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