Wednesday, February 1, 2023
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HomeMarketStocksSebi amends rules for Alternative Investment Funds

Sebi amends rules for Alternative Investment Funds


Capital markets regulator Sebi has amended the principles governing Alternative Investment Funds (AIFs), Registrars to an Difficulty and Share Transfer Brokers. Underneath the brand new guidelines, the Securities and Trade Board of India (Sebi) stated Class I AIFS could have interaction in hedging, together with credit score default swaps.

Additional, Class II and Class III AIFs could purchase or promote credit score default devices.

The sponsor or supervisor of the Class I and Class I AIF transacting in credit score default swaps must appoint a custodian registered with the Sebi, in accordance with a notification.

AIFs, in market parlance, refers to a privately-pooled investment car which collects funds from buyers whether or not Indian or international for investing these funds within the nation. Broadly, AIF guidelines govern venture capital funds, personal equity funds, SME funds, hedge funds amongst others.

In a separate notification, the regulator stated {that a} Registrar to an Difficulty and Share Switch Agent who has been granted registration must pay registration charge each three years from the sixth yr of the grant of the registration certificates.

A Registrar to an Difficulty and Share Switch Agent falling underneath Class I must pay a charge of Rs 2.75 lakh whereas the one falling underneath Class II can pay a charge of Rs 90,000.



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