Securities and Exchange Board of India (Issue and Listing of Securitized Debt Instruments and Security Receipts) Regulations, 2008

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement
Regulation 2	:	Definitions.
Regulation 3	:	Applicability.
Chapter: II
REGISTRATION OF TRUSTEES
Regulation 4	:	Eligibility criteria for trustees
Regulation 5	:	Factors for consideration
Regulation 6	:	Procedure for granting registration, etc.
Regulation 7	:	Conditions of registration
Regulation 8	:	Procedure where application is rejected.
Chapter: III
CONSTITUTION AND MANAGEMENT OF SPECIAL PURPOSE DISTINCT ENTITIES AND INCIDENTAL MATTERS
Regulation 9	:	Permissible structures for special purpose distinct entity
Regulation 10	:	Assignment of debt or receivables
Regulation 11	:	Obligations of trustees
Regulation 11A	:	Grievance Redressal Mechanism
Chapter: IV
SCHEMES OF SPECIAL PURPOSE DISTINCT ENTITIES
Regulation 12	:	Launching of schemes
Regulation 13	:	Obligation to redeem securitised debt instruments
Regulation 14	:	Credit enhancement and liquidity facilities
Regulation 15	:	Servicers
Regulation 16	:	Accounts
Regulation 17	:	Audit
Regulation 18	:	Maintenance of records
Regulation 19	:	Holding of originator
Regulation 20	:	Winding up of schemes
Chapter: V
PUBLIC OFFER OF SECURITISED DEBT INSTRUMENTS
Regulation 21	:	Offer to the public
Regulation 22	:	Submission of draft offer document and filing of final offer document
Regulation 23	:	Arrangements for dematerialisation
Regulation 24	:	Mandatory listing
Regulation 25	:	Credit rating
Regulation 26	:	Contents of offer document
Regulation 27	:	Prohibition of misstatements in the offer document
Regulation 28	:	Underwriting of the issue
Regulation 29	:	Offer period.
Regulation 30	:	Minimum subscription
Regulation 31	:	Allotment and other obligations
Regulation 32	:	Post issue obligations
Chapter: VI
RIGHTS OF INVESTORS
Regulation 33	:	Transferability of securitised debt instruments
Regulation 34	:	Rights of investors in securities issued by special purpose distinct entity
Chapter: VII
LISTING OF SECURITISED DEBT INSTRUMENTS
Regulation 35	:	Application for listing
Regulation 35A	:	Listing Agreement
Regulation 35B	:	Omitted
Regulation 36	:	Minimum public offering for listing
Regulation 37	:	Continous listing conditions
Regulation 38	:	Trading of securitised debt instruments
Chapter: VIIA
ISSUANCE AND LISTING OF SECURITY RECEIPTS ELIGIBILITY
Regulation 38A	:	Eligibility
Regulation 38B	:	Security receipts proposed to be listed........
Regulation 38C	:	Sale of security receipts by the existing holders
Regulation 38D	:	Conditions for Listing of Security Receipts
Regulation 38E	:	Offer Document
Regulation 38F	:	In exercise of the powers conferred by sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957,......
Regulation 38G	:	Valuation, rating and NAV disclosure
Regulation 38H	:	Trading of security receipts
Chapter: VIII
INSPECTION AND DISCIPLINARY PROCEEDINGS
Regulation 39	:	Power to call for information
Regulation 40	:	Right of inspection by the Board
Regulation 41	:	Notice before inspection
Regulation 42	:	Obligations of special purpose distinct entities on inspection
Regulation 43	:	Appointment of auditor or valuer
Regulation 44	:	Submission of report to the Board
Chapter: IX
PROCEDURE FOR ACTION IN CASE OF DEFAULT
Regulation 45	:	Cancellation or suspension of registration
Regulation 46	:	Directions
Regulation 47	:	Appeal
Chapter: IX-A
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 47A	:	Exemption from enforcement of the regulations in special cases
Chapter: X
MISCELLANEOUS
Regulation 48	:	Power of the Board to issue clarifications
Regulation 49	:	Delegation of powers
Regulation 50	:	Applicability of other Laws
SCHEDULE
Schedule - I	:	Application Form for seeking Registration
Schedule - II	:	Fees
Schedule - III	:	Code of Conduct
Schedule - IV	:	Contents of Instrument of Trust
Schedule - V	:	Disclosures to be made in the Offer Document
Schedule - VA	:	Disclosures to be made in the Offer Document