Industry Standards on Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Summary
SEBI has issued a circular introducing Industry Standards formulated by the Industry Standards Forum to facilitate compliance with Regulation 30 of the LODR Regulations. Listed entities are mandated to follow these industry standards to ensure effective disclosure of material events or information. Stock Exchanges are advised to notify their listed entities and ensure adherence to these standards.
Text
The Industry Standards Forum comprising representatives from ASSOCHAM, CII and FICCI has formulated industry standards for effective implementation of the requirement to disclose material events or information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The industry associations which are part of ISF (ASSOCHAM, FICCI, and CII) and the stock exchanges shall publish the industry standards note on their websites.
The listed entities shall follow the aforesaid industry standards to ensure compliance with Regulation 30 of LODR Regulations.
The Stock Exchanges are advised to bring the contents of this circular to the notice of their listed entities and ensure its compliance.
This circular is issued in exercise of the powers conferred under Section 11(1) and 11A of the Securities and Exchange Board of India Act, 1992 read with regulation 101 of LODR Regulations.
Source: SecMarx — Industry Standards on Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.