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 time for registered debenture trustees to move their business 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