SEBI Proposes Direct Submission of Private Placement Memorandum for AIFs

SEBI Proposes Direct Submission of Private Placement Memorandum for AIFs/Mint

VoM News Desk | April 7, 2024 | 05:11 PM IST | Breaking News | Follow on Google News

SEBI Proposes Direct Submission of Private Placement Memorandum for AIFs

SEBI Proposes Direct Submission of Private Placement Memorandum for AIFs

The Securities Exchange Board of India (SEBI) is contemplating significant alterations in the private placement memorandum (PPM) of alternative investment funds (AIFs). In a move aimed at enhancing the ease of doing business, SEBI has suggested that the PPM of the AIF could be directly submitted to the market regulator, bypassing the need for processing through a merchant banker.

This development marks a potential shift in the regulatory framework governing AIFs, offering a streamlined approach to the submission process.

? Stay tuned for further updates on this evolving story.

inputs from MINT

VoM News Desk

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