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Sebi comes out with monitoring, disclosure framework for debenture trustees

The framework will become effective from the quarter ended December 31, 2020 for listed debt securities,the Securities and Exchange Board of India (Sebi) said in a circular

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The regulator said Debenture Trustees (DTs) will have to carry out periodical monitoring of 'security created' or assets on which charges are created

Press Trust of India New Delhi
Markets regulator Sebi on Thursday came out with a diclosure framework as well as guidelines to monitor the asset cover of debenture trustees.
The framework will become effective from the quarter ended December 31, 2020 for listed debt securities,the Securities and Exchange Board of India (Sebi) said in a circular.
The regulator said Debenture Trustees (DTs) will have to carry out periodical monitoring of 'security created' or assets on which charges are created.
They are also required to incorporate the terms and conditions of periodical monitoring in the debenture trust deed.
Further, a listed entity will be liable to provide relevant documents or information
Topics : SEBI

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First Published: Nov 12 2020 | 8:29 PM IST

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