NEW DELHI, Nov 25: Sebi instructed Debenture Trustees (DTs) to conduct non-Sebi-regulated activities via separate business units with distinct staff, records, and disclosures, ensuring investor awareness that Sebi protections don’t apply.
DTs must follow other regulators’ rules if relevant. Sebi also revised guidelines for Recovery Expense Fund use, Lead DT identification, and set new timelines for issuers to submit security, guarantee, and asset-related reports.(PTI)
