AIFs On Alert: Plethora Of Changes In The Works

The alternative asset industry is the pulse of any growing economy, and to keep up with the dynamism of a growing economy, the industry itself must constantly evolve. The evolution of the industry requires a strong support in the form of a conducive regulatory landscape within which the industry operates. Investor protection is clearly one important tenet for the growth and development of the securities market and going by the series of measures being announced by the Securities and Exchange Board of India (SEBI) in this direction over the last 12 months clearly suggests that SEBI is in an overdrive mode as far as AIFs and investor protection is concerned. So much so that the pace at which the proposals were being announced by SEBI seem to be leaving the industry out of breath! The series of consultative papers issued by SEBI in the beginning of February 2023 was clearly evidence of that.