The RBI introduced the Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022 (‘Assignment of Receivables Regulations’) under the Factoring Act which are effective from January 17, 2022. The Factoring Act mandates registration of assignment transactions financed through a Trade Receivables Discounting System (‘TReDS’) platforms with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (‘CERSAI’) by the relevant TReDS platform on behalf of the NBFC-Factor. The Assignment of Receivables Regulations specify the manner of, and prescribe forms for, filing of particulars of such transactions by the relevant TReDS platforms with the CERSAI within the timelines set out in the Assignment of Receivables Regulations.