https://www.taxtmi.com/acts?id=34592 Special purpose distinct entities for securitised debt instruments must be constituted as trusts with constitutional documents authorising trustees to issue such instruments, while preventing control by the originator or its associates. The trust instrument must include Schedule IV clauses, protect investors, avoid limiting statutory obligations, and prohibit indemnity for negligence or wrongful acts. The entity must avoid conflicts of interest, refrain from raising debt except through securitised debt instruments, preserve segregation of asset pools, and remain in existence until all instruments are redeemed or written off. en-us Tue, 08 Jan 2019 15:02:10 +0530 Tue, 07 Jul 2026 11:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34592 Special purpose distinct entities for securitised debt instruments must be constituted as trusts with constitutional documents authorising trustees to issue such instruments, while preventing control by the originator or its associates. The trust instrument must include Schedule IV clauses, protect investors, avoid limiting statutory obligations, and prohibit indemnity for negligence or wrongful acts. The entity must avoid conflicts of interest, refrain from raising debt except through securitised debt instruments, preserve segregation of asset pools, and remain in existence until all instruments are redeemed or written off. Act-Rules SEBI Tue, 08 Jan 2019 15:02:10 +0530 https://www.taxtmi.com/acts?id=34592