Regulatory Alerts2024-05-07
Master Circular for Alternative Investment Funds (AIFs)
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate and supersede previous regulatory directives for Alternative Investment Funds (AIFs) effective May 7, 2024. The document mandates standardized Private Placement Memorandum disclosures, including detailed fee structures and disciplinary histories, while enforcing annual compliance audits and strict timelines for scheme launches. It further establishes operational norms for AIFs, covering investment limits, valuation frameworks, and specific requirements for Category III funds and Special Situation Funds.
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