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<h1>SEBI Regulation 42: Mandates Access to Records and Facilities for Inspection of Special Purpose Entities</h1> Regulation 42 of the Securities and Exchange Board of India (SEBI) mandates that directors, trustees, officers, employees, servicers, or agents of a special purpose distinct entity under inspection must provide the inspecting authority with access to books, accounts, and documents. They are required to furnish statements and information related to the entity's regulated activities within a specified timeframe. These individuals must also grant reasonable access to premises and facilities for examining records, computer systems, and data. The inspecting authority is entitled to examine or record statements from principal officers and employees. All involved parties must assist the inspecting authority as reasonably expected.