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<h1>Trustee eligibility: trustees must be registered and the issuer must be a special purpose distinct entity, with prescribed registration procedures.</h1> Trustees for public offers or listings of securitised debt instruments must be registered under the debenture trustees regulations, the issuing vehicle must be a special purpose distinct entity, and both trustees and the special purpose entity must comply with these regulations and the Act; existing registered trustees at the date of amendment may continue. Applications for registration must be submitted in Form A with prescribed non refundable fees; incomplete or non conforming applications can be rejected after a Board specified opportunity to cure, and the Board may seek further information to decide applications.