Reporting of trades in non-convertible securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
Summary
This circular mandates that all OTC trades in listed Non-convertible Securities be reported in a uniform format to ensure data accuracy. It replaces paragraph 1.3 of Chapter XVI of the Operational Circular to enforce this reporting requirement on all persons dealing in such securities. Stock Exchanges are tasked with monitoring compliance and reporting discrepancies to SEBI, with the provisions effective from January 1, 2023.
Text
it has been decided all OTC trades shall be reported in a uniform format specified in (3) below
paragraph 1.3 of Chapter XVI... shall be replaced as follows: The reporting of OTC trades in non-convertible securities shall be made by all person(s) dealing in such securities irrespective of whether they are SEBI registered intermediaries or otherwise, as per below mentioned format
Stock Exchanges shall monitor the compliance of this circular / chapter XVI of the Operational circular and bring to the notice of SEBI, periodically, discrepancies in reporting of OTC trades by investors
The provisions of this circular shall come into force from January 01, 2023
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
Source: SecMarx — Reporting of trades in non-convertible securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.