Operating Guidelines by SEBI for Alternative Investment Funds in International Financial Services Centers

Nov 27, 2018 | by Avantis RegTech Legal Research Team


The Securities and Exchange Board of India (SEBI) has issued SEBI (International Financial Services Centre) Guidelines, 2015 (IFSC Guidelines) on March 27, 2015 for facilitating and regulating financial services relating to securities market in an IFSC set up under Section 18(1) of Special Economic Zones Act, 2005.

The IFSC Guidelines provide for broad framework for setting up of Alternatives Investment Funds (AIF) in IFSC.

Based on the deliberations in Alternative Investment Policy Advisory Committee (AIPAC) and in consultation with other stakeholders, the SEBI has decided to put in place ‘Operating Guidelines for Alternatives Investment Funds in IFSC’ which gives provisions for:

·         Registration of Alternative Investment Funds for operating in IFSC,

·         Compliance requirements, conditions and restrictions,

·         Applicability of SEBI AIF Regulations,

·         Amount to be paid as fees.

[CIRCULAR SEBI/HO/IMD/DF1/CIR/P/143/2018]

 

URL: https://www.sebi.gov.in/legal/circulars/nov-2018/operating-guidelines-for-alternative-investment-funds-in-international-financial-services-centres_41070.html


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