SEBI Amends Infrastructure Investment Trusts Regulations 2014: Key Changes for InvITs, Debt Securities, and Terminology Effective December 15, 2017.
The Securities and Exchange Board of India (SEBI) has amended the Infrastructure Investment Trusts Regulations, 2014, effective from December 15, 2017. Key changes include modifications to definitions and clauses regarding investors, valuers, and parties involved in InvITs. New provisions allow listed InvITs to issue debt securities, which must also be listed on recognized exchanges. Amendments also address investment conditions, disclosure requirements, and terminology changes, such as replacing "Investment Manager" with "Project Manager." The amendments aim to enhance regulatory clarity and compliance with existing financial and corporate laws.
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