![SEBI Releases Framework for AIFs SEBI Releases Framework for AIFs](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY-cGuqVMppUrb_5pz40GNbI2mGK5QPRC3yQA95UsMG3iR5eTc3qAgaiMoSJ2FTioVDPmOxjGzLheKOk_peiORseJXZR2r95vDpaT52KyXTHYoFpGiqXWmfw2eUepoOwZPAVzs1AafbfDtdpdHHMydUPznilErpQi6GNqFwEw9iNj53bh756Wzxv4bTg/w320-h240-rw/SEBI%20Releases.jpg)
- The new framework was issued under Section 10(a) of the SEBI (Alternate Investment Funds) Regulations 2012.
- According to the regulation, the following will be considered FPI:
- The security market regulator of that country must have signed an MoU with the International Organization of Securities Commission (IOSCO) or
- The security market regulator of that country must have signed an MoU with the SEBI.
- The SEBI also notified that investors contributing 25% or more, must not belong to:
- The sanctioned list of the United Nations Security Council (UNSC)
- The country identified in the public statement of the Financial Action Task Force (FATF)
- It further mentioned that if an investor who is already on board, doesn’t meet the specified condition, then the AIF will bare capital contribution until the investor becomes eligible.
- SEBI is a government-owned regulatory authority that was established in 1992 with Mumbai as its headquarters. The current Chairperson of the body is Madhabi Puri Buch.
Question:
Q.1 Which of the following recently issued a framework enabling Alternate Investment Funds (AIFs) to raise money from Foreign Portfolio Investors (FPIs)?a. SEBI
b. RBI
c. SIDBI
d. NABARD