India regulator reviews easing disclosure for bonds, to pilot tokenised bond market

India's markets regulator is ‌reviewing whether listed debt securities should be subject to disclosure requirements on par with those for ​listed equities, its chief said at an ​event on Tuesday, as it also moves ⁠ahead with plans to pilot tokenisation of ​corporate bonds to modernise the market.

Here are ​some details:

Securities and Exchange Board of India (SEBI) is reviewing whether listed debt should have disclosure norms similar to ​listed equity as ease of doing business ​measure, chairman Tuhin Kanta Pandey said

The move comes as ‌policymakers ⁠look to deepen India's corporate bond market, which remains relatively underdeveloped compared with equity markets

Regulator is also exploring a pilot for tokenisation ​of corporate ​bonds with ⁠rollout expected in six to nine months, according to Pandey

Use of ​digital ledger technology expected to enable ​near-instant ⁠settlements in corporate bond market

Tokenisation means converting securities like bonds into digital tokens on a shared ⁠ledger, ​enabling faster, cheaper and ​more transparent trading

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