AIFs seek Sebi help to address inter-regulatory issues and ease norms

AIF industry officials believe that such a platform could help address operational hurdles in domestic capital formation

The Alternative Investment Funds (AIFs) industry has urged the markets regulator to facilitate an inter-regulatory platform, where all the stakeholders including regulators such as the RBI, IRDAI, could be on-boarded to help address operational hurdles in domestic capital formation.

 

The Indian Venture and Alternate Capital Association (IVCA) made the request during a meeting with the Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey last week, citing the market regulator’s role as the principal overseer of the industry.  

 

The platform would facilitate inter-regulatory discussions with other financial watchdogs, including the Reserve Bank of India (RBI), the Insurance Regulatory