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of <h1>SEBI Issues New Guidelines for Foreign Investment in AIFs: Compliance with International and Anti-Money Laundering Standards Required.</h1> The circular issued by SEBI outlines guidelines for foreign investment in Alternative Investment Funds (AIFs) under the SEBI (Alternative Investment Funds) Regulations, 2012. AIF managers must ensure that foreign investors are from countries whose securities regulators are signatories to the International Organization of Securities Commission's Multilateral Memorandum of Understanding or have a bilateral Memorandum of Understanding with SEBI. Investors should not be on the UN Security Council's Sanctions List or from jurisdictions identified by the Financial Action Task Force for deficiencies in anti-money laundering or combating terrorism financing. If an investor fails to meet these conditions, further capital contributions cannot be drawn until compliance is restored. The circular is effective immediately.
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