a) SEBI vide circular no. SEBI/HO/DDHS/CIR/P/2020/120 dated July 13, 2020 issued guidelines for Issue and Listing of Structured Products/ Market Linked Debentures-Amendments.

b) SEBI vide circular no. CIR/IMD/DF/17/2011 dated September 28, 2011 (hereinafter referred as “MLD circular”) prescribed guidelines for issue and listing of structured products/ Market linked Debentures (MLDs).

c) It has been decided that valuation of MLDs shall be carried out by an agency appointed by AMFI for the purpose of carrying out valuation (“hereinafter referred as AMFI appointed valuation agency”).