Accredited investor framework enables large value funds tailored exemptions and adjusted investment concentration limits. The amendment introduces accredited investors via Board-recognised accreditation agencies and creates a new category, large value funds for accredited investors, where investors must be accredited and meet a minimum investment. Regulatory relaxations for such funds include exemptions from certain eligibility and compliance provisions, permitted tenure extension beyond two years subject to fund documents and Board conditions, and adjusted investment concentration limits for Category I/II and Category III large value funds.