TMI BlogAmendment to SEBI (Alternative Investment Funds) Regulations, 2012X X X X Extracts X X X X X X X X Extracts X X X X ..... nds) Regulations, 2012 ( AIF Regulations ), have been amended and notified on May 05, 2021 . Copy of the notification is available at link . 2. Framework for AIFs to invest simultaneously in units of other AIFs and directly in securities of investee companies 2.1. In terms of Regulation 15(1) (c) and (d) of the AIF Regulations , AIFs may invest in an Investee Company up to a specifie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther AIFs; (b) Out of total fees and expenses charged to investors of the AIF, portion of fees and expenses which may be attributed to investment in units of other AIFs; (c) Process to be followed by the Manager to ensure compliance with investment conditions as specified in Regulation 15 and Regulation 16, 17 or 18 (as applicable) of the AIF Regulations ; (d) Whether any investm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f this Regulation, key management personnel shall mean: (i) members of key investment team of the Manager, as disclosed in the PPM of the fund; (ii) employees who are involved in decision making on behalf of the AIF, including but not limited to, members of senior management team at the level of Managing Director, Chief Executive Officer, Chief Investment Officer, Whole Time Directors, or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rpose of Regulation 20(10) of AIF Regulations, consent of the investors of the AIF or scheme may not be required for change in ex-officio external members (who represent the sponsor, sponsor group, manager group or investors, in their official capacity), in the investment committee set up by the Manager. 5. This circular is issued in exercise of powers conferred under Section 11(1) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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