SEBI Amends The Debenture Trustees Regulations

SEBI by way of notification no. SEBI/LADNRO/GN/2025/269 dated 22.10.2025, has notified the SEBI (Debenture Trustees) (Amendment) Regulations, 2025¹ ("DT Amendment Regulations"), to amend the SEBI (Debenture Trustees) Regulations, 1993 ("DT Regulations"), which came into force on 24.10.2025.

SEBI has introduced the following key amendments to the DT Regulations:

(i) Permitted Activities for Debenture Trustees (New Regulation 9C): Debenture Trustees ("DTs") may now undertake additional activities through separate business units on an arms-length basis, subject to conditions specified by SEBI, including:

1. Activities falling under the purview of other financial sector regulators (such as RBI, IRDAI, PFRDA, IFSCA, IBBI, MCA, and other authorities specified by SEBI) in accordance with regulations or guidelines issued by such regulators; and/or