Standardisation of industry classification - Revision in Chapter - XIV of Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Pa
Summary
SEBI amends Chapter XIV of its Operational Circular to standardize industry classification for debt securities. The revision introduces a harmonized four-level framework and modifies data submission requirements for issuers. These changes apply to all debt security issuances opening on or after April 1, 2022. This section provides a detailed classification table for the Commodities sector, linking MES codes to specific industry definitions. It outlines various sub-sectors including Chemicals, Fertilizers, Construction Materials, and Metals & Mining. Each entry specifies the relevant code hierarchy and describes the manufacturing or trading activities associated with that industry. This section defines industry classifications for the Basic Materials sector, including metals, minerals, and forest products. It categorizes Consumer Discretionary companies into Automobiles and Auto Components, detailing manufacturers and traders of vehicles and parts. The text further outlines definitions for Consumer Durables, covering electronics, furniture, and household appliances. This section provides a detailed classification of industry codes for various consumer goods and media sectors. It def
Text
Post listing of securities, issuer shall submit information in the requisite fields as provided in Annex - XIV-B to any of the stock exchanges where their securities are listed on a periodical basis (within 30 days from the end of the financial year) and/ or ‘as and when’ basis (event based), as applicable. The stock exchange shall indicate the format of filing to the issuers in this regard.
Clause 8. b) (Type of Issuer - Based on nature of business) of paragraph B. (Issuer/ instrument classification) of Annex - XIV - A shall be deleted.
Clause 9 (Based on sector of business) of Annex - XIV - A shall be replaced with the table given in the Annex to this circular.
The provisions of this circular shall be applicable to all issuances of debt securities, which open, on or after April 1, 2022.
The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 55 (1) of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021 to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.
Based on sector of business (relevant option may be selected) (√)): Macro-economic Sector Code IN01 Commodities
IN01010101 Chemicals & Petrochemicals includes Commodity Chemicals, Specialty Chemicals, Carbon Black, Dyes And Pigments, Explosives, Petrochemicals, Printing Inks, Trading - Chemicals, and Industrial Gases.
IN010102 Fertilizers & Agrochemicals includes Fertilizers and Pesticides & Agrochemicals manufacturers.
IN0102 Construction Materials includes Cement & Cement Products and Other Construction Materials such as sand, excluding granites and marbles.
IN0103 Metals & Mining covers Ferrous Metals (Ferro & Silica Manganese, Pig Iron, Sponge Iron, Iron & Steel) and Non-Ferrous Metals (Aluminium, Copper, Zinc, Precious Metals).
Companies engaged in manufacturing and mining of diversified metals
Mining, producing and distributing industrial materials (excluding Coal which has been classified under 'Energy')
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Source: SecMarx — Standardisation of industry classification - Revision in Chapter - XIV of Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Pa. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.