Reporting of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs)
Summary
The Securities and Exchange Board of India mandates all SEBI-regulated entities to report their OTC transactions in Certificates of Deposit and Commercial Papers on the FIMMDA platform. This reporting must occur within 15 minutes of the trade to facilitate online dissemination of market information, effective from August 16, 2010. The circular is issued under the powers conferred by sections 11(1) and 11A of the SEBI Act, 1992.
Text
all SEBI Regulated entities shall report their OTC transactions in CDs and CPs on the FIMMDA reporting platform within 15 minutes of the trade for online dissemination of market information with effect from August 16, 2010.
This circular is issued in exercise of powers conferred by sub-section (1) of section 11 and section 11A of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Reporting of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.