AIFs, SEBI
SEBI Mandates Enhanced Due Diligence for Alternative Investment Funds
To prevent the circumvention of various laws and ensure compliance with regulatory frameworks, market Regulator Securities and Exchange Board of India (SEBI) has directed alternative investment funds (AIFs) and their managers to exercise specific due diligence on their investors and investments.
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 Mandates Due Diligence for AIF Investors
Sebi has directed Alternative Investment Funds (AIFs) and their managers to conduct specific due diligence on investors and investments to prevent regulatory circumvention. The guidelines include checks on investor eligibility,
SEBI mandates stricter due diligence for alternative investment funds
Both the Reserve Bank of India and SEBI have expressed concerns over instances of AIFs being used to “evergreen” bad loans. The RBI has also publicly warned against the practice, which refers to new loans given to stressed borrowers to enable them to repay existing loans.
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.
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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 ...
Asia Asset Management7h
India’s regulator calls for stricter review of alternative investment fund investors
The Securities and Exchange Board of India (Sebi) has asked fund managers of alternate investment funds (AIFs) to exercise ...