Regulatory Alerts2023-07-06
Master Circular for Debenture Trustees
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate existing regulatory circulars into a single framework for the effective regulation of Debenture Trustees and the corporate bond market. The document mandates compliance with detailed requirements regarding registration, due diligence for security creation, covenant monitoring, investor grievance redressal, and conflict of interest management. It supersedes previous circulars while ensuring continuity for pending applications and actions taken under the rescinded provisions.
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