Master Circulars
SEBI issues master circulars on debt listing, rating agencies, ReITs, InvITs
This story was originally published at 18:21 IST on 11 July 2025
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--SEBI issues master circular on listing NCDs, securitised debt, CPs
--SEBI: Master circular on listing NCDs, securitised debt, CPs effective Fri
NEW DELHI – The Securities and Exchange Board of India Friday issued four master circulars. These are on listing non-convertible securities, securitised debt instruments and commercial paper, on credit rating agencies, on real estate investment trusts, and on infrastructure investment trusts.
The master circular on listing and the investment trusts are effective from Friday, while the one on rating agencies does not give a date. The circular on debt listing compiles circulars until Jun. 30. The other three master circulars compile instructions from the regulator up till Friday.
The master circulars succeed a list of prior circulars under all four heads, which will be considered effective until Friday, SEBI said. End
Reported by Aaryan Khanna
Edited by Rajeev Pai
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