Regulatory Alerts2025-05-16
SEBI Circular on Review of Electronic Book Provider Platform Provisions
The Securities and Exchange Board of India (SEBI) has modified provisions in its Master Circular to enhance the efficacy and utility of the Electronic Book Provider (EBP) platform for private placements. The circular mandates that private placements of debt securities, NCRPS, and municipal debt securities exceeding Rs. 20 crore must be executed through the EBP platform, while introducing specific timelines for in-principle approvals and detailed disclosure requirements for anchor investors. These regulatory changes are implemented with staggered effective dates of three and six months to allow market participants to adapt to the new operational standards.
Share