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 "sebi")
Last month, Sebi announced that certain changes in the private placement memorandum of AIFs can be submitted directly to the regulator rather than through a merchant banker.
Capital markets regulator Sebi has amended rules making it mandatory for at least one key personnel within an investment team of an Alternative Investment Fund (AIF) manager to obtain requisite certification.
The new requirement is aimed at boosting competency and professionalism in the AIF space.
To give this effect, the Securities and Exchange Board of India (Sebi) has amended AIF rules.
The new rules have been made applicable from the same date. Through this requirement of certification for key personnel, the capital markets regulator is looking to ensure a higher proficiency in managing AIFs.
Last month, Sebi announced that certain changes in the private placement memorandum of AIFs can be submitted directly to the regulator rather than through a merchant banker in a bid to facilitate ease of doing business.
Also, the move is aimed at rationalising the cost of compliance for alternative investment funds.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: May 13 2024 | 4:39 PM IST
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