On October 27, 2025, amendments to the SEBI (Debenture Trustees) Regulations, 1993 were notified, whereby regulation 9C was incorporated, to bring clarity on the permitted activities for a Debenture Trustees (DTs). Vide this circular, the conditions for Debenture Trustees to undertake activities that are not regulated by SEBI are prescribed. Further provided that a DT which is also regulated by the Reserve Bank of India, shall carry out the activity of DT through Separate Business Unit of such DT. Therefore, the terms and conditions as specified shall be complied with by such SBU.
