Sebi on Monday floated a consultation paper mandating special purpose distinct entities and their trustees to submit detailed half-yearly disclosures on securitised debt instruments to the regulator and stock exchanges.
The move is part of Sebi's efforts to improve transparency and investor protection in the securitisation market.
The proposed circular mandates that SPDIs and their trustees furnish detailed disclosures on a half-yearly basis to Sebi and stock exchanges, where SDIs are listed, within 21 days from the end of March and September.
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