Regulatory Alerts2024-12-13
Classification of Corporate Debt Market Development Fund as Category I Alternative Investment Fund
The Securities and Exchange Board of India (SEBI) issued a circular clarifying that the Corporate Debt Market Development Fund (CDMDF) is classified as a Category I Alternative Investment Fund. This determination aligns the fund's status with its broader economic objective of developing the corporate bond market and acting as a backstop facility during periods of market stress. The classification resolves previous ambiguities regarding the fund's categorization under the SEBI Alternative Investment Funds Regulations, 2012.
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