Alerts & Updates 28th Jan 2022

SEBI details regulatory norms for Special Situation Funds (SSF) for investment in special situation assets

Authors

Manendra Singh Partner | Mumbai
Tanvi Goyal Principal Associate | Mumbai

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Dear Reader:

Further to the introduction of Special Situation Funds (SSF), a sub-category under Category I AIF, which shall invest in ‘special situation assets’, SEBI has now issued certain other regulatory and investment norms applicable to SSFs. The detailed norms issued cover the minimum investment amount, scheme corpus, requirements to invest in the stressed loan acquired under Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021. The consolidated changes are analyzed in the attached file.

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