Securitized debt instruments now require standardized listing, detailed pool/tranche reporting, and mandatory Actual/Actual convention. SEBI's Listing Agreement mandates that SPDEs seeking listing must provide recurring pool , tranche and selected loan level disclosures (monthly statements within seven days), ensure timely payments and maintenance of credit enhancement, designate a Compliance Officer, facilitate dematerialisation and demat credit within two working days, deposit a security for public issues (1% with 50% cash subject to cap), and follow Actual/Actual day count convention; Exchanges may approve relaxations with SEBI approval and may take action for non compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Securitized debt instruments now require standardized listing, detailed pool/tranche reporting, and mandatory Actual/Actual convention.
SEBI's Listing Agreement mandates that SPDEs seeking listing must provide recurring pool , tranche and selected loan level disclosures (monthly statements within seven days), ensure timely payments and maintenance of credit enhancement, designate a Compliance Officer, facilitate dematerialisation and demat credit within two working days, deposit a security for public issues (1% with 50% cash subject to cap), and follow Actual/Actual day count convention; Exchanges may approve relaxations with SEBI approval and may take action for non compliance.
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