TaxTMI 
TaxTMI 
Securities And Exchange Board of India (Public Offer And Listing of Securitised Debt Instruments) (Amendment) Regulations, 2015
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....fer and Listing of Securitised Debt Instruments) Regulations, 2008, namely:- 1. These Regulations may be called the Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments) (Amendment) Regulations, 2015. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008,- (i) in regulation 4,- (a) in sub-regulation (2), after clause (d), the following shall be inserted, namely:- "(e) any scheduled commercial bank other than a regional rural bank; (f) any public financial Institution as defined under clause (72) of section 2 of the Comp....
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.... are necessary in the event the security becomes enforceable and supervise the enforcement of the security in the interest of the investors; (c) carry out such acts as are necessary for resolving the grievances of the investors and for the protection of interest of the investors; (d) ensure on a continuous basis that the trust property of a particular scheme/tranche is available at all times to pay the securitised debt instruments holders of that particular scheme/tranche; (e) exercise due diligence to ensure compliance by the originators, with the listing agreements (if applicable), the trust deed or any other transaction document and if the originator is a banking company or non-banking financial company as defi....
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....s in value for the time being outstanding or at the occurrence of an event, which constitutes a servicer default or which in the opinion of the trustees affects the interest of the investors; (m) maintain the net worth as per the requirements specified in these regulations on a continuous basis and inform the Board immediately in respect of any shortfall in the net worth and take necessary corrective action to restore the net worth within a period of six months; (n) ensure that any change in registration status or any administrative, civil or penal action taken by Board or any material change in financial position which may adversely affect the interests of investors is promptly informed to the investors; (o) not ....
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....ee shall not divulge to anybody either orally or in writing, directly or indirectly, any confidential information about its investors which has come to its knowledge, without taking prior permission of its investors, except where such disclosures are required to be made in compliance with any law for the time being in force. 14. A special purpose distinct entity and its trustee or any of its directors, partners or managers, shall not either through its account or through associates or family members, relatives or friends indulge in any insider trading. 15. A special purpose distinct entity and its trustee shall have internal control procedures and financial and operational capabilities which can be reasonably expected to protect its o....
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....Issuer on the Settlement Date: [nature of assets] [description of assets] [amount] The aggregate of the assets shall be referred to as the "Total Pool". [specify if par / premium / discount deal] The Issuer intends to issue [ ] securitised debt instruments representing an undivided beneficial interest in the Issuer's property including the Pool. [specify if there are future sales] Receivables [detailed description of the receivables] [Aggregate of all the receivables] Disclosure on key pool features and composition LTV-based, tenure-based, ticket size based distribution etc Collection Period ________________ Servicer _______, _________ (individually referred to as a "Servicer" and....
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....ubordination] Day count convention [ ] Series A1 Securitised Debt Instruments Series A2 Securitised Debt Instruments Series A3 Securitised Debt Instruments Seniority Face Value Initial rating Final Maturity Date Expected Maturity Date Expected Yield Payment Schedule Expected payment schedule Promised payment schedule First Payout Date Portfolio Audit Eligibility Criteria....