Question
Which regulatory body has issued operational guidelines
for security and covenant monitoring using Distributed Ledger Technology (DLT)?Solution
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.
What is the maximum tenure for investments in Public Provident Fund (PPF) in India?
Which country will host the G20 Parliament Speakers Summit?
Which state hosted the 2024 Khelo India Youth Games?
Which country was stripped of the right to host the under-20 soccer World Cup, which will now be hosted by Argentina?
Indian Railways has launched the 'Rail Rakshak Dal' in which zone as part of a pilot project to respond quickly to train accidents and conduct rescue op...
Iron Dome, recently seen in the news, is an anti-missile system developed by?
What is the name of the card recently launched by the State Bank of India to facilitate seamless and convenient customer commuting, allowing digital tic...
Which of the following is not correctly matched?
The 7th Hockey Men's Asian Champions Trophy is being held in which city?
Recently deceased Padma Shri awardee Daripalli Ramaiah was renowned for his work in which field?