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Set up reporting platform: Sebi asks NSE

Set up reporting platform: Sebi asks NSE

Both NSE and BSE would ensure that all the relevant details are disseminated by them on their websites.

New Delhi: Following the compliance by the Bombay Stock Exchange (BSE), Market regulator Securities and Exchange Board of India (Sebi) has now directed the National Stock Exchange (NSE) to set up a reporting platform for corporate bonds trading.

"SEBI vide its circular of March 1 has authorised the National Stock Exchange of India Ltd to set up and maintain a corporate bond reporting platform with immediate effect," PTI quoted a SEBI release.

Earlier, SEBI had authorised the Bombay Stock Exchange to set up such a platform, which became operational from January 2 this year.

After the launch of the corporate bond reporting platform at NSE, reporting of trades in corporate bonds may either be made to the platform of the BSE or NSE, SEBI said.

However, reporting is not to be done to both platforms for the same transaction, SEBI added.

Both the exchanges would ensure that all the relevant details are disseminated by them on their websites without segregation of data between the exchanges on the basis of its reporting origin.

The Fixed Income Money Market and Derivatives Association of India (FIMMDA), which at present is bringing out a daily valuation report of all Central Government Securities, would also disseminate information made available on corporate bond trading by the two exchanges with appropriate value addition.

first published:March 03, 2007, 02:09 IST