https://www.taxtmi.com/circulars?id=57889 SEBI permits Category III AIFs to participate in commodity derivatives as clients, subject to client rules, exchange position limits and SEBI instructions; exposure to any single underlying commodity must be limited by concentration controls; leverage or borrowing is permitted only with investor consent and within Board-specified limits; AIFs must disclose commodity derivatives investment in the private placement memorandum, obtain consent or offer exit to dissenting existing investors, comply with applicable foreign exchange and RBI guidelines, meet SEBI reporting requirements, and adhere to the SEBI (Alternative Investment Funds) Regulations, 2012. en-us Wed, 21 Jun 2017 00:00:00 +0530 Sat, 01 Dec 2018 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57889 SEBI permits Category III AIFs to participate in commodity derivatives as clients, subject to client rules, exchange position limits and SEBI instructions; exposure to any single underlying commodity must be limited by concentration controls; leverage or borrowing is permitted only with investor consent and within Board-specified limits; AIFs must disclose commodity derivatives investment in the private placement memorandum, obtain consent or offer exit to dissenting existing investors, comply with applicable foreign exchange and RBI guidelines, meet SEBI reporting requirements, and adhere to the SEBI (Alternative Investment Funds) Regulations, 2012. Circulars SEBI Wed, 21 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57889