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<h1>SEBI Updates 2008 Rules: Expands Eligible Entities, Sets New Trustee Requirements, Strengthens Governance for Securitised Debt Offers.</h1> The Securities and Exchange Board of India (SEBI) amended the 2008 regulations on public offers and listings of securitised debt instruments, effective from April 9, 2015. Key changes include expanding eligible entities to include scheduled commercial banks, public financial institutions, and others specified by SEBI. Trustees must now meet specific net worth and experience requirements. They are tasked with supervising security covenants, resolving investor grievances, and ensuring compliance with regulations. Additional responsibilities include maintaining confidentiality, preventing insider trading, and ensuring robust corporate governance. The amendments also outline detailed obligations for special purpose entities and trustees regarding transaction documentation, credit enhancement, and investor communication.