Partial reprieve for alternative investment funds as Sebi eases regulations

Those overseeing investment decisions of alternative investment funds (AIFs) have found some respite from an exemption order the Securities and Exchange Board of India (Sebi) gave on Wednesday.

But the relief is limited and some issues on serving on such committees remain, according to experts.

Sebi, in its board meeting on Wednesday, said it would provide a leeway to investment committees of AIFs.

“The Board approved amendment to Sebi (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) to provide certain exemptions to AIFs in respect of Investment Committee members in terms of Regulation 20(6) of AIF Regulations, conditional upon capital commitment of at least