SEBI on May 18, 2024, published the amendments to the SEBI ICDR Regulations in the official gazette subsequent to the release of interim recommendations by the expert committee on 'Ease of Doing Busin...
Published On: 10/06/2023
Practice Area: Banking & Finance, Capital Markets & International Offerings
Authors:
Pritha Chatterjee
The Reserve Bank of India by way of notification dated June 7, 2023 has expanded the scope of the Trade Receivables Discounting System (“TReDS”) as prescribed under the Guidelines for the Trade Receivables Discounting System, 2014 to ease and promote operations on the TReDS platforms and generally enhancing the scope of regulated trade receivable discounting transactions by introducing a secondary market participation and introducing insurance facilities to allay credit concerns around buyers. INDUSLAW’s Pritha Chatterjee and Rishabh Bhojwani provide an overview of the notification.
