SEBI constitutes Municipal bonds development committee

Markets regulator Securities Exchange Board of India (SEBI) has recently constituted a ‘Municipal bonds development committee’ headed by its Executive Director Sujit Prasad. The committee which has several technical representatives will advise SEBI on development of municipal debt securities and issuance of municipal bonds.

The committee will also advise the regulator on regulation and development of primary and secondary market for municipal debt securities.