Manager, Trustees, Board & DPs of AIFs shall ensure that assets & liabilities are ring fenced and segregated: SEBI
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- Last Updated on 17 November, 2022
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Notification No. SEBI/LAD-NRO/GN/2022/105, Dated 15.11.2022
SEBI has notified amendment in SCRA (AIFs) Regulations, 2012. Now, pursuant to Regulation 16, The Manager and either the trustee or the trustee company or the Board or designated partners of the AIF shall ensure that the assets, liabilities, bank accounts and securities accounts of each scheme of an AIF are segregated and ring-fenced from other schemes and bank accounts and securities accounts of each scheme are segregated and ring-fenced. Various other amendments were also made.
Also, now if the Alternative Investment Fund fails to declare the first close of the scheme in the specified manner, it shall be required to file a fresh application for launch of the scheme by paying the requisite scheme fee under the Second Schedule. These amendments shall come into force from 15.11.2022.
Click Here To Read The Full Notification
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