The Securities and Exchange Board of India (Sebi) may relax regulations for alternative investment funds (AIF) as recent regulatory measures have reassured the watchdog about reduced circumvention practices, according to Sebi whole-time member Ananth Narayan.
Speaking at the CII AIF Summit, Narayan said, "Now that we have these checks and balances in place, I think some of the regulatory restrictions that we put in earlier because we were afraid of circumventions can now be relaxed."
Earlier this year, the regulator had tightened regulations governing the due diligence of AIFs after it uncovered that some of these funds were being structured to bypass certain financial sector regulations, including those of IBC, FEMA, and RBI.
This story is from the December 18, 2024 edition of Financial Express Delhi.
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This story is from the December 18, 2024 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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