Securitised debt must be settled via clearing houses: Sebi
Jan 07 2014 , Mumbai
India already mandates that government bonds and corporate debt be settled through clearing houses.
Investors including domestic mutual funds and foreign institutional investors will also have to start reporting trades in securitised debt to exchanges within 15 minutes of the execution from April 1, the SEBI said in a circular.
In August last year, the Reserve Bank had asked all entities it regulates to report their secondary market over-the-counter trades in securitised debt products within 15 minutes of the trade on the reporting platform.