SEBI relaxes investment panel norms; partial relief for AIFs
Under the new norms, members of an investment committee of an AIF will no longer be responsible for investment decisions
PTI | January 11, 2021 | Updated 18:21 IST
Securities & Exchange Board of India (SEBI)
In a partial relief to alternative investment funds (AIFs), capital markets watchdog Sebi has provided certain exemptions to such funds with regard to investment committee.
Under the new norms, members of an investment committee of an AIF will no longer be responsible for investment decisions.
Also, members of the committee would not be liable for compliance of the AIF investments with the regulatory provisions, governing documents of the AIF and other applicable laws.