Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter III CONSTITUTION AND MANAGEMENT OF SPECIAL PURPOSE DISTINCT ENTITIES AND INCIDENTAL MATTERS
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Mandatory periodic disclosure requirements impose quarterly reporting and auditor certification for the underlying asset pool in securitisation trusts. Mandatory periodic disclosure requirements require the servicer to furnish quarterly reports to the trustee on the performance of the underlying asset ... Summary
Mandatory periodic disclosure requirements impose quarterly reporting and auditor certification for the underlying asset pool in securitisation trusts.
Mandatory periodic disclosure requirements require the servicer to furnish quarterly reports to the trustee on the performance of the underlying asset pool. The servicer must also provide a quarterly certificate from its auditor(s) concerning disclosures relating to the underlying asset pool assigned to the securitisation trust. The provision creates a recurring disclosure and certification framework supporting trustee oversight and transparency.
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