The key amendments relates to Regulation 18, Issuers are now required to execute the trust deed “in such format and within such timelines” as specified by SEBI. A new proviso allows the debenture trustee to accept deviations from the specified format. However, if any deviation is accepted, the issuer must provide a key summary sheet detailing the deviations along with the rationale, and this information must be included in the General Information Document/Key Information Document or Shelf Prospectus. Furthermore, the previous requirement to structure the trust deed into two parts has been omitted.