SEBI amends AIF regulations 2012; introduces the concept of “special situation funds”
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- Last Updated on 25 February, 2026
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Notification No. SEBI/LAD-NRO/GN/2022/68, Dated: 24.01.2022
The SEBI has notified SEBI (AIF) (Amendment) Regulations, 2022. Amendment has been made to Regulation 3 and 12 further chapter –III-B is also added specifying the various definitions, applicability, registration process, and investment norms relating to the Special Situation Funds.
“Special situation fund” means a Category 1 Alternative Investment Fund that invests in special situation assets in accordance with its investment objectives and may act as a resolution applicant under the Insolvency and Bankruptcy Code, 2016.
This regulation is made applicable to Special situation funds and schemes launched by such special situation funds.
An applicant may apply for registration as a special situation fund in accordance with the provisions of Chapter II of these Regulations.
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