Sebi allows managers of AIFs, SIFs, and PMS to certify investor status

The Securities and Exchange Board of India (Sebi) has introduced a simplified process for investor accreditation, granting managers of alternative investment funds (AIFs), specialised investment funds (SIFs), and portfolio management services (PMS) the authority to independently determine and certify the status of their investors.Under the new regulations, managers can evaluate the eligibility of an investor at the time of onboarding or during the tenure of a scheme. The accreditation granted remains valid for three years and will be recognised across different managers within the same corporate group.