Effective compliance management requires a structured cadence. This article outlines a half-yearly compliance calendar for debenture trustees, based on MITCON Credensia's internal practices.
Pre-period activities (1-15 days before period-end)
- Request asset cover certificates from all issuers
- Schedule independent valuations for non-cash collateral
- Send compliance request letters to issuers
Period-end activities (within 30 days)
- Review compliance certificates received
- Verify covenant compliance for each mandate
- Document exceptions and follow-up actions
Reporting activities (within 60 days)
- Prepare half-yearly compliance report to SEBI
- Publish summary to investor communications channel
- Update internal mandate tracking
