Circular on transaction in corporate bonds through request for quote platform by portfolio management services (PMS) (dated – 09.12.2021) – SEBI.
View PdfCircular on transaction in corporate bonds through request for quote platform by portfolio management services (PMS) (dated – 09.12.2021) – SEBI.
- The Circular shall come into force with effect from April 1, 2022. Accordingly, from the month of April 2022, PMS shall ensure that at least 10% (by value) of their secondary market trades in CBs in current month and immediate preceding two months (i.e. February 2022, March 2022 and April 2022) are executed by placing / seeking quotes through OTO or OTM mode of RFQ. Further, for the month of May 2022, the secondary market trades executed in CBs in the months of March 2022, April 2022 and May 2022 shall be considered for the purpose of aforesaid calculation, refer attachment for further details.
