Alternative Investment Funds regulation consolidated with updated disclosure, investment, governance and reporting requirements under a master circular. SEBI has consolidated and updated the regulatory framework governing Alternative Investment Funds by superseding the earlier master circular and rescinding the circulars listed in Annexure 21 to the extent they relate to AIFs. The circular standardises registration, PPM disclosure, fund raising, investment conditions, overseas investment, co-investment, governance, valuation, due diligence, reporting, dematerialisation, benchmarking and winding-up related processes, and requires the Compliance Test Report to cover compliance with all chapters of the Master Circular.
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Provisions expressly mentioned in the judgment/order text.
Alternative Investment Funds regulation consolidated with updated disclosure, investment, governance and reporting requirements under a master circular.
SEBI has consolidated and updated the regulatory framework governing Alternative Investment Funds by superseding the earlier master circular and rescinding the circulars listed in Annexure 21 to the extent they relate to AIFs. The circular standardises registration, PPM disclosure, fund raising, investment conditions, overseas investment, co-investment, governance, valuation, due diligence, reporting, dematerialisation, benchmarking and winding-up related processes, and requires the Compliance Test Report to cover compliance with all chapters of the Master Circular.
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