SEBI proposes allowing AIFs to directly submit PPM changes, streamlining compliance and reducing costs.
Securities and Exchange Board of India (SEBI) proposed allowing certain changes in Alternative Investment Funds' (AIFs) private placement memorandum (PPM) to be submitted directly to the regulator, eliminating the need to involve a merchant banker. This move is aimed at streamlining compliance processes and reducing costs for AIFs. Changes in fund size, affiliates, commitment period, investment team, and fees can be directly reported to SEBI, as per the draft circular.
April 07, 2024
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