Jun 30, 2021

AIFs in IFSC

IFSC through Circular dated June 25, 2021 has amended the norms pertaining to AIFs in IFSC as follows:

i.    continuing interest requirement of the investment manager or sponsor in AIFs under the operating guidelines dated November 26, 2018 has been made voluntary.

ii.   Permission to invest in units of schemes by mutual fund regulated in Financial Action Task Force compliant jurisdiction (including India).

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