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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2025

29-Apr-2025 | F. No. SEBI/LAD-NRO/GN/2025/244

SEBI has issued the notification regarding Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2025 effective from 29th April, 2025.

By virtue of this circular, in terms of Regulation 13(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, which is regarding the mandatory registration of SCORES (SEBI Complaints Redress System) platforms for handling investor complaints electronically, a new proviso has been inserted regarding registration on SCORES Platform may be taken at Trustee level for all special purpose distinct entities, in case of securitised debt instruments.

In addition to this, in Schedule III Part D, which provides the list of disclosure of information having bearing on performance/ operation of listed entity or price sensitive information: Securitised Debt Instrument, two new clauses have been inserted regarding the disclosure of Outstanding litigations and material developments which is prejudicial to the interests of the investors and Disclosure about defaults in connection with servicing obligations undertaken by servicer.

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