Sebi aligns securitisation norms with RBI framework, eases municipal bond rules
Markets regulator Sebi on Friday approved amendments to the framework governing securitised debt instruments (SDIs) and municipal debt securities.
Markets regulator Sebi on Friday approved amendments to the framework governing securitised debt instruments (SDIs) and municipal debt securities.
Both the amendments were aimed at aligning securitisation regulations with the Reserve Bank of India’s framework, improving operational efficiency and supporting the development of the country's listed securitisation and municipal bond markets.
Under the revised framework, RBI-regulated entities, such as banks and NBFCs, undertaking securitisation will be exempt from the existing 25 per cent obligor concentration limit for single-asset securitisation transactions.
