Simplification of requirements for grant of accreditation to investors

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....ments for grant of accreditation to investors 1. Accredited investor framework was introduced by way of amendment in SEBI (AIF) Regulations 2012 ["AIF Regulations"], notified on August 03, 2021. Further, various modalities in this regard were specified vide SEBI circular dated August 26, 2021 [subsumed in Chapter 12 of master circular for AIFs dated May 07, 2024 ("master circular)]. Subsequentl....

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.... 2.1.2. Schemes of AIFs shall receive funds from such investors only after they obtain accreditation certificate from an accreditation agency. 2.2. In reference to accreditation based on net-worth criteria, as per Annexure A under 'Annexure 8 of master circular: modalities of accreditation', it has been mandated that calculation of net worth shall be given as an Annexure to the net worth cer....

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....th the approval of the competent authority. 6. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, read with Regulations 2(1)(ab) and 36 of AIF Regulations, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 7. The circular is available o....

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....rust deed Authorization to seek accreditation In case of body corporates/trusts Letter from authorized signatory to apply for accreditation. Proof of financial information In case of Individual / HUF/Sole Proprietorship/ Body Corporates/Trusts     (Number of years for which financial information is provided shall determine the validity of the accreditation) &nb....