New Delhi, June 30 -- The Securities and Exchange Board of India has set up an Expert Working Group to undertake a comprehensive review of the regulatory framework governing debenture trustees, citing the evolving debt market and the growing role of trustees in protecting investor interests.

"Considering the evolving landscape of the Indian debt market and the increasing importance of Debenture Trustees in safeguarding the interests of debenture holders, a need has been felt to undertake a comprehensive review of the regulatory framework governing Debenture Trusteeship activities to align the same with the changing market dynamics," SEBI said in a press release.

The regulator noted that the SEBI (Debenture Trustees) Regulations, 1993 pr...