The Securities and Exchange Board of India (SEBI) has public comment on a proposal for mandatory disclosures of securitised debt instruments (SDIs) every six months.
The move is intended to improve transparency, which will protect investors and promote development of the securities market and improve regulation.
Under the proposal, the trustee of a special purpose distinct entity must submit information to the SEBI and the stock exchange where SDIs are listed on a half-yearly basis.
Under the proposed changes, the information must be submitted within 21 days from the end of March or September in a set format. Information on maturity characteristics, minimum retention, credit quality, amendments made to them and other characteristics will be required.
The proposal aims to further SEBI’s objective to align its SDI regulations with that of the Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021. The public must make submissions by 7 July 2025 .
