https://www.taxtmi.com/circulars?id=66073 At onboarding, AIF managers must ensure foreign investors are residents of jurisdictions whose securities regulator is an IOSCO MMoU signatory or has a bilateral MoU with SEBI, except government or government-related investors approved by the Government of India; investors and underlying contributors of twenty-five percent or more, or those identified by control, must not be on the UN Security Council Sanctions List or residents of jurisdictions in the FATF public statement for strategic AML/CFT deficiencies. If an on-boarded investor later fails these conditions, the manager must not drawdown further capital until compliance is restored. en-us Fri, 09 Dec 2022 00:00:00 +0530 Fri, 09 Dec 2022 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66073 At onboarding, AIF managers must ensure foreign investors are residents of jurisdictions whose securities regulator is an IOSCO MMoU signatory or has a bilateral MoU with SEBI, except government or government-related investors approved by the Government of India; investors and underlying contributors of twenty-five percent or more, or those identified by control, must not be on the UN Security Council Sanctions List or residents of jurisdictions in the FATF public statement for strategic AML/CFT deficiencies. If an on-boarded investor later fails these conditions, the manager must not drawdown further capital until compliance is restored. Circulars SEBI Fri, 09 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66073