Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Sebi tweaks norms for valuing AIF portfolio; securities to be valued by MF rules
The Securities and Exchange Board of India (Sebi) has modified its framework for the valuation of the investment portfolio of Alternative Investment Funds (AIFs). Securities, other than unlisted, non-traded, or thinly-traded securities, will now be valued in line with mutual fund rules.The framework for independent valuers of AIF portfolios now requires the valuer to be part of a registered entity such as ICAI, ICSI or a CFA charter. Further, AIFs will now have seven months, as compared to six earlier, to report valuations based on audited data from investee companies.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.