AIFs, SEBI
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 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 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 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 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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Discount brokers’ revenue to trim 25% with new Sebi norms
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Sebi issues checklist for AIFs, their managers and KMPs to ensure funds not misused to get around other regulations
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Tax Guru2h
SEBI Seeks Public Feedback on Revised Data Sharing Policy
The Data Sharing Policy ( ‘DSP’) of SEBI was formulated in 2018 to meet a variety of requirements like to undertake analytics ...
Republic Business on MSN15h
Sebi directs market infra institutions to establish data-sharing policies
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SEBI explores feasibility of introducing crude oil ETFs
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Sebi proposes allowing stockbrokers to trade in govt securities
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