SEBI, vide its circular dated 16 December 2025, issued under Regulation 11B of the SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008, mandates half-yearly periodic disclosures by the trustee of a Special Purpose Distinct Entity (SPDE) in respect of listed Securitised Debt Instruments (SDIs). The disclosures, to be filed within 30 days from the end of March and September with SEBI and the stock exchanges, cover detailed information on the maturity profile of underlying assets, Minimum Retention Requirement (MRR), and credit quality of the securitised pool, in the formats prescribed under Annexure I or Annexure II, depending on the nature of the underlying exposures. The objective is to enhance transparency and investor protection by enabling continuous monitoring of asset quality and structural features of securitisation transactions, and the requirements shall be effective from March 31, 2026.
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