SEBI Orders Debenture Trustees to Segregate Non-Regulated Activities

The Securities and Exchange Board of India (SEBI) has told companies that help manage bonds, called Debenture Trustees (DTs), to keep their different jobs separate.

If a DT does jobs that SEBI doesn't control, like jobs controlled by other financial regulators, they must do those jobs in a completely different part of their company.

This different part must have its own staff, its own way to handle complaints, and its own records.

The DTs must also tell everyone on their website about these different jobs and say that SEBI's rules to protect investors don't apply to these jobs.

They have six months to do this for jobs they already have, and they must tell SEBI when they've done it.

This is to make sure everything is clear and to protect investors.