A Sebi order lays the ground rules for AIF manager conduct

A Sebi order lays the ground rules for AIF manager conduct The recent exercise undertaken by SEBI translating into a consultation paper issued on December 5 dealing with benchmarking and standardisation of disclosures clearly suggest that the regulator is extremely serious about bringing transparency and accountability upon the fund managers. Synopsis The Private Placement Memorandum (“PPM”) for each fund is submitted and reviewed by SEBI prior to granting registration to the fund.