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Sebi tightens overseas norms for alternative investment and VC funds

Going ahead, all AIFs and VCFs will have to file an application before the market regulator for allocation of overseas investment limit in a format specified by Sebi

File photo: PTI
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File photo: PTI

BS Reporter Mumbai
The Securities and Exchange Board of India (Sebi) has tightened overseas investment norms for alternative investment funds (AIFs) and venture capital funds (VCFs). Going ahead, all AIFs and VCFs will have to file an application before the market regulator for allocation of overseas investment limit in a format specified by Sebi.

Also, such funds will only be permitted to invest in an overseas company incorporated in a country whose securities market regulator is a signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understanding. Alternatively, the regulator can also be a signatory to the bilateral Memorandum of Understanding with

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First Published: Aug 18 2022 | 11:51 PM IST

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