Regulation 30C - Minimum holding period - Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008

1 [Minimum holding period 30C. (1) The special purpose distinct entity shall ensure that the loans are securitised by the originator only after completion of the minimum holding period, as prescribed in this regulation. (2) The period of holding shall commence from the date of registration of the underlying security interest with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India. (3) The minimum holding period shall be as follows: (a) Three months in case of loans with tenor of up to two years; (b) Six months in case of loans with tenor of more than two years: Provided that in case of loans where security does not exist or security cannot be registered, the minimum holding period shall be calculated from the date of first repayment of the loan: Provided further that in case of transfer of project loans, the minimum holding period shall be calculated from the date of commencement of commercial operations of the project being financed: Provided further that in case of loans acquired from other entities by a transferor, such loans cannot be transferred before completion of six months from the date on which the loan was taken into the books of the transferor: Provided further that for commercial or residential real estate mortgages, minimum holding period shall be counted from the date of full disbursement of the loan, or registration of security interest with Central Registry of Securitisation Asset Reconstruction and Security Interest of India, whichever is later. (4) Notwithstanding anything contained in this regulation, the Board may specify minimum holding period requirements for other debts or receivables. ] *************** NOTES:- 1 . Inserted vide F. No. SEBI/LAD-NRO/GN/2025/247 dated 05-05-2025