The Securities and Exchange Board of India (SEBI), on July 06, 2026, issued the Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) (Amendment) Regulations, 2026 to further amend the Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008.
The following has been stated:
• In regulation 9, in sub-regulation (9) - (a) the symbol “.” shall be substituted with the symbol “:”; (b) the following proviso shall be inserted, namely, - “Provided that where the originator is an entity regulated by the Reserve Bank of India, it shall not have more than one representative on the board of the special purpose distinct entity and such representative shall not have veto power.”
• In regulation 10, sub-regulation (3), without existing explanation shall be substituted with the following, namely – “(3) No special purpose distinct entity shall acquire any debt or receivables from any originator which is: a) part of the same group as the trustee; or b) under the same control as the trustee.”
Please refer to the document attached below for more details.
They shall come into force on July 01, 2026.
[No. SEBI/LAD-NRO/GN/2026/304.]
