Draft listing agreement for securitized debt instruments

SEBI has placed on its website, the draft listing agreement for securitized debt instruments, for public comments/ suggestions. The highlights of the draft listing agreement are the following:

• Performance related information to be disseminated on a monthly basis.
  
• The burden of disclosures is placed on the Special Purpose Distinct Entity (SPDE)/ SPV which is the issuer of securitized debt. In order to facilitate flow of information, the draft requires the SPDE/ SPV to enter into back to back arrangements with the originator, servicer and the trustee.
  

A copy of the draft listing agreement is available here.