Which regulatory body has issued operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DL

SEBI has issued operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT). SEBI specified the manner of recording of charges by issuers and manner of monitoring by debenture trustees, credit rating agencies and responsibilities, among others. The measures were aimed to strengthen the process of security creation and monitoring of security created, asset cover and covenants of the non-convertible securities. The backbone of the DLT system is uniqueness of assets recorded in the system and to ensure uniqueness of the assets of the issuer offered as security, appropriate validation or duplicate checks based on parameters identified for each asset type have been put in place in the system, For data exchange and verification across depositories, format for unique asset ID assigned to an asset has been standardized to a 12-digit alphanumeric string.