Regulation 36A - Advertisements for Public issues - Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008

1 [Advertisements for Public issues 36A . (1) In respect of public offers of securitised debt instruments, the special purpose distinct entity or trustee thereof shall satisfy the recognised stock exchange to which a listing application is made that each scheme of securitised debt instruments was offered to the public for subscription through advertisements through electronic modes such as online newspapers or website of the issuer or the stock exchange, or in an English national daily and regional daily with wide circulation at the place where the registered office of the issuer is situated, on or before the issue opening date and such advertisement shall, amongst other things, contain the disclosures as specified in the Schedule VII: Provided that the special purpose distinct entity opting to advertise the public issue through electronic modes shall publish a notice, in an English national daily and regional daily newspaper with wide circulation at the place where the registered office of the special purpose distinct entity or the debenture trustee is situated, exhibiting a Quick Response Code and link to the complete advertisement. (2) No issuer shall issue an advertisement which is misleading or which contains any information in a distorted manner or which is manipulative or deceptive. (3) The advertisement shall be truthful, fair and clear and shall not contain a statement, promise or forecast which is untrue or misleading. (4) Any advertisement issued by the special purpose distinct entity shall not contain any matters which are extraneous to the contents of the offer document and the advertisements shall not display models, celebrities, fictional characters, landmarks, caricatures or the likes for solicitation of the public issue. (5) The advertisement shall solicit investment only on the basis of information contained in the offer document. (6) Any corporate or product advertisement issued by the special purpose distinct entity from the date of filing of the draft offer document with the stock exchange(s) till the issue closure date, shall not make any reference to the issue of securitised debt instruments or be used for solicitation for securitised debt instruments. (7) The credit rating shall be prominently displayed in the advertisement. ] **************** NOTES:- 1. Inserted vide F. No. SEBI/LAD-NRO/GN/2025/247 dated 05-05-2025