Sebi mandates new AIF norms

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New Delhi:

Sebi

on Tuesday outlined the filing requirements for

alternative investment funds

(AIFs) schemes that opt for a dissolution period to deal with their unliquidated investments. The move aims to provide flexibility to AIFs and their investors in managing such investments that are not sold due to lack of liquidity. Sebi said

AIF

schemes entering into dissolution period must file an information memorandum with it through a merchant banker before expiry of the

liquidation period

or additional liquidation period of the scheme.