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Foreign investment in Alternative Investment Funds (AIFs) - SEBI - SEBI/HO/AFD-1/PoD/P/CIR/2022/171

Extract

..... manager of an AIF shall ensure the following: (a) Foreign investor of the AIF is a resident of the country whose securities market regulator is a signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understanding (Appendix A Signatory) or a signatory to the bilateral Memorandum of Understanding with SEBI. For the purpose of the aforesaid clause, “Bilateral Memorandum of Understanding with SEBI” shall mean a bilateral Memorandum of U .....

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Foreign investment in Alternative Investment Funds (AIFs) - SEBI

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..... sdiction that has not made sufficient progress in addressing the deficiencies or has not committed to an action plan developed with the Financial Action Task Force to address the deficiencies. For the purpose of the aforesaid clause, “control” includes the right to appoint majority of the directors or to control the management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of shareholding or manage .....

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Foreign investment in Alternative Investment Funds (AIFs) - SEBI

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