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<h1>SEBI Regulations 2008: Understanding Securitization, Securitised Debt Instruments, and Special Purpose Entities</h1> The Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008, defines key terms related to securitization. 'Securitization' involves acquiring debt or receivables by a special purpose distinct entity from originators to issue securitised debt instruments to investors. A 'securitised debt instrument' is a certificate or instrument issued by such an entity. A 'special purpose distinct entity' is a trust that acquires debt or receivables using funds from issued securitised debt instruments, including trusts established by the National Housing Bank or the National Bank for Agriculture and Rural Development.