SEBI allows AIFs with less than Rs.3,000-Cr corpus to self certify under cyber resilience framework

Through a new circular, markets regulator SEBI has grouped qualified regulated entities - including Alternative Investment Funds (AIFs) - into four categories based on size and risk level under the cybersecurity and cyber resilience framework (CSCRF).For Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs), classification is done at the manager level using the combined corpus of all managed schemes. Managers overseeing over INR 10,000 crore fall under the mid-size category, those handling INR 3,000 to INR 10,000 crore are small-size, and those below INR 3,000 crore are self-certification REs.Sebi had introduced CSCRF in August 2024. Since then, many regulated entities had asked for clarifications and time extensions.