The Securities and Exchange Board of India (SEBI) issued Circular HO/(201)2026-DDHS-POD1/I/24467/2026 on 27 October 2026. It extends the deadline for registered debenture trustees to transfer their activities that are not regulated by SEBI into separate business units. This extension follows a review by an Expert Working Group and reports of operational challenges from the industry. The new deadline for compliance is 27 April 2027.
Key points
- By 27 April 2027: Registered debenture trustees must transfer non-SEBI regulated activities to separate business units
When it applies
- compliance with requirements to transfer non-SEBI activities to separate business units
- SEBI constituted an Expert Working group (EWG)
Who it affects
- Registered Debenture Trustees
Refers to
- SEBI (Debenture Trustees) Regulations, 1993
- SEBI circular HO/17/11/12(3)2025-DDHS-POD1/ I/146/2025 dated November 25, 2025
- SEBI Circular dated April 28, 2026
- Securities and Exchange Board of India Act, 1992