Debenture trustee duties: fiduciary safeguards, independent due diligence on security, and mandatory reporting to protect debenture holders. A registered debenture trustee must be appointed by agreement before opening the subscription list, be independent of the issuer, accept and ensure a compliant trust deed, obtain periodic issuer reports and fund utilization reports, communicate defaults and remedial steps to debenture holders, enforce and take possession of security, convene holder meetings, appoint a nominee director on repeated default, perform independent due diligence before creating security, inform the Authority of breaches, inspect issuer records, and not relinquish assignment until replaced.