News & Media 14th May 2024

AIFs reel as regulatory diktats mount

Authors

Vinod Joseph Partner | Mumbai

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Alternative investment funds (AIFs) are reeling under a host of compliance requirements resulting in higher cost and regulatory overlaps. The recent diktats include a new, detailed format for private placement memorandum (PPM) audit, conducting due diligence on investors to ensure there is no circumvention of financial sector regulations and the need to clear an NISM certification examination every three years by key fund managers. The new audit format will entail more obligations on the auditor and likely result in more inspections by the regulator.

In this context, Ashley Coutinho from Hindu Business Line writes on “AIFs reel as regulatory diktats mount” with comments from our Partner Vinod Joseph.

Read the article here