SEBI modifies the investment conditions for various categories of AIFs
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- Last Updated on 11 January, 2023
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Notification No. SEBI/LAD-NRO/GN/2023/113., Dated 09.01.2023
SEBI has amended the SEBI (Alternative Investment Funds) Regulations, 2012. Amendments have been made in regulation 2, 16, 17, 18 & 20 of the AIF regulations. As per the amended norms, Category I AIFs may engage in hedging, including credit default swaps. Cat II & III AIFs may buy or sell credit default swaps.
Further, the Sponsor or Manager of the Cat I and Cat II AIFs transacting in credit default swaps shall be required to appoint a custodian registered with the Board.
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