Sebi eases accreditation norms for AIF, SIF and PMS investors
Mumbai: The Securities and Exchange Board of India (Sebi) has allowed managers of alternative investment funds (AIFs), specialised investment funds and portfolio management services to independently determine and certify the accredited status of investors, to simplify the accreditation process.
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The regulator said managers can assess an investor’s eligibility either at the time of onboarding or during the tenure of a scheme. The accreditation would be valid for three years and will be recognised across managers belonging to the same corporate group. At present, investors could obtain accreditation through recognised accreditation agencies. Sebi said the existing agency led mechanism would continue, making manager-led accreditation an additional optional route.
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