Thursday, April 16, 2015

SEBI for including family trusts, NBFCs in QIB segment

In a new proposal, Securities and Exchange Board of India (SEBI) has said the definition of Qualified Institutional Buyers (QIBs) "may be extended to include systematically important NBFCs as per Reserve Bank of India guidelines and family offices/trusts, subject to such family offices/trust registering itself as alternate investment funds."

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