SEBI asks AIFs to give full disclosure on ‘Associates’

Alternative Investment Funds (AIFs), having foreign entities as “Associates”, are to follow the latest Securities and Exchange Board of India directive to disclose the entire disciplinary history of sponsors, managers, directors, partners, promoters and associates in their placement memorandum.

What are AIFs?

AIFs are funds established or incorporated in India for the purpose of pooling in capital from Indian and foreign investors for investing as per the investment norms prescribed in the AIF Regulations.