Amendments to the Securities and Exchange Board of India (AIF)
Regulations, 2012
Holding investments in dematerialised form and appointment
of custodian
Securities and Exchange Board of India
("SEBI"), vide notification
dated January 5, 2024, and circular dated January 12, 2024,
introduced changes aimed at refining the regulatory framework
governing Alternative Investment Funds
("AIFs"). The key provisions are as
follows:
1. The SEBI (AIF) Regulations, 2012 ("AIF
Regulations") are amended to provide that AIFs must
hold their investments in dematerialised form. However, this does
not apply to:
- investments by AIFs in such type of instruments which are not
eligible for dematerialisation;