Circular on portfolio management services for accredited investors (dated -21.12.2021)- SEBI
View PdfCircular on portfolio management services for accredited investors (dated -21.12.2021)- SEBI.
- It is hereby clarified that “accredited investor” shall have the same meaning as assigned to it under clause (ab) of sub-regulation (1) of regulation 2 of the SEBI (Alternative Investment Funds) Regulations, 2012.
- Para 3(iv) of the SEBI Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020 (“Circular”), inter-alia, specifies the quantum and manner of exit load applicable to the client. It has been decided that in case of large value accredited investors, the quantum and manner of exit load applicable to the client of the Portfolio Manager shall be governed through bilaterally negotiated contractual terms and the provisions of para 3 (iv) of the Circular shall not be applicable. The other provisions of the Circular shall remain unchanged, refer attachment for further details.
