Sebi constitutes Municipal bonds development committee

Markets regulator Sebi has constituted a Municipal Bonds Development Committee headed by Sujit Prasad. This committee will suggest on policy matters pertaining to the development of municipal debt securities and facilitate municipalities for issuance of such bonds.

This committee comprises representatives from municipal corporations, lawyers, professionals and market practitioners. The panel will advise Sebi on issues related to regulation and development of the primary and secondary market of municipal debt securities.

Important takeaways for all competitive exams:

• SEBI Headquarter: Mumbai, Chairperson: Ajay Tyagi.

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