The Securities and Exchange Board of India (SEBI) issued a circular simplifying the requirements for granting investor accreditation, following industry feedback. The changes are intended to ease processes for market participants. Under the revised approach, Alternative Investment Fund (AIF) investment managers may raise investor commitments before an accreditation agency issues the formal certificate, based on the manager’s assessment of the investor’s eligibility. The circular also removes the requirement to provide a detailed net worth break-up and makes it optional for the certifying chartered accountant to state the actual net worth in the net worth certificate.

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