The investment advisers and research analysts are required to comply with the revised norms by Sept. 30. (Photo source: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Markets regulator Sebi on Monday issued modalities for migration of existing Alternative Investment Fund (AIF) schemes into accredited investor only (AI-only schemes) or Large Value Funds (LVFs).

This migration is subject to obtaining positive consent from all the investors and meeting the respective conditions, Sebi said in its circular.

This came after Sebi, in November, amended rules and facilitated the introduction of a separate category of AIF schemes, limited exclusively to Accredited Investors only (AI-only schemes), and offered the scheme-specific regulatory flexibilities

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