AIFs, SEBI
SEBI mandates due diligence of AIF investors, investments
AIFs are required to avoid facilitating ever-greening of stressed loans or assets for RBI-regulated entities, adhering to RBI's norms for income recognition, asset classification, provisioning and restructuring.
SEBI Circular: Specific due diligence of investors & investments of AIFs
On October 8, 2024, the Securities and Exchange Board of India (SEBI) issued a circular regarding specific due diligence requirements for Alternative Investment Funds (AIFs) and their managers. The circular,
SEBI Mandates AIFs To Conduct Due Diligence Of Investors To Prevent Evasion Of Regulations
SEBI aims to strengthen due diligence processes among AIF managers and protect the interests of eligible investors.
SEBI asks AIFs to do due diligence before giving benefits to certain investor categories
SEBI has issued a circular in which it has asked AIFs to do specific due diligence of certain investors to prevent any violation of laws. The standards for the due diligence will be set by Standard Setting Forum for AIFs (SFA). The investors specified by the circular are as under:
Sebi specifies checks for AIFs to curb circumvention and ever-greening
Due diligence has been mandated for schemes where investors from the same group contribute 50 per cent or more to the corpus before availing the benefits of QIB status
Sebi outlines specific due diligence of investors, investments of AIFs
Sebi has instructed Alternative Investment Funds to carry out due diligence on investors and investments to ensure compliance with laws and prevent illegal activities. This includes special checks for investments from countries bordering India and contributions over 50 percent.
Business Insider India8mon
Sebi mulls flexibility for AIF, VCFs to deal with unliquidated investments beyond tenure expiry
The proposal came after Sebi received representations from participants in the AIF industry highlighting certain tax related issues. They also highlighted that setting up a liquidation scheme and ...
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Sebi Mandates Due Diligence for AIF Investors
Sebi has directed Alternative Investment Funds (AIFs) and their managers to conduct specific due diligence on investors and ...
Sebi issues checklist for AIFs, their managers and KMPs to ensure funds not misused to get around other regulations
The regulator has detailed what must be done to ensure AIFs are not misused by RBI-regulated entities to evergreen loans ...
Business Insider India1y
Sebi mulls prohibiting differential rights to AIF investors
Markets regulator Sebi on Wednesday proposed that AIF (alternative investment fund) investors should not be given any differential treatment, which affects the economic rights of other investors.
India's market regulator asks for stricter review of alternate investment fund investors
India's markets regulator on Tuesday asked fund managers of alternate investment funds (AIFs) to exercise stricter due diligence of investors to prevent circumvention of rules, including "evergreening ...
Republic Business on MSN1d
SEBI tightens oversight on AIF investors amid loan evergreening concerns
The Securities and Exchange Board of India ( SEBI ) on Tuesday mandated fund managers of alternate investment funds (AIFs) to ...