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India revamps green bond rules as market takes off

With new definitions and new requirements on disclosure, India’s regulator is pulling the national green bond market into line with global standards.

The Securities and Exchange Board of India, the country’s securities regulator, has overhauled the national rulebook for green bonds by broadening the definition of a green debt security and imposing new disclosure requirements on issuers. The changes, introduced in early February, are expected to further align India’s green bond market with international regulatory standards. 

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