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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Trustee obligations in securitisation trusts require diligence, investor protection, compliance monitoring, reporting, and timely grievance redressal. Trustees of securitisation trusts must act with due care and diligence, ensure compliance with trust deed and transaction documents, supervise security ... Summary
Trustee obligations in securitisation trusts require diligence, investor protection, compliance monitoring, reporting, and timely grievance redressal.
Trustees of securitisation trusts must act with due care and diligence, ensure compliance with trust deed and transaction documents, supervise security creation and enforcement, protect investor interests, obtain periodic servicer reports and auditor certificates, and call investor meetings where required. They must maintain prescribed net worth, notify investors and the Board of material changes or shortfalls, appoint a compliance officer, redress grievances promptly, and hold trust funds and property as custodian for unitholders in accordance with the regulations and trust deed.
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