The Securities & Exchange Board of India has operationalised a fast-track mechanism for processing placement memorandums filed by AIFs. Under the clarified process, AIFs may proceed with launching their non-LVF schemes and circulate the placement memorandum to investors for soliciting funds after 30 days from filing the application with SEBI, unless otherwise advised. The measure follows SEBI’s review of the existing procedure for processing AIF placement memorandums. The implementing circular takes immediate effect, and SEBI said the change is intended to enable more efficient deployment of capital by AIFs.
Securities & Exchange Board of India 2026-04-30
Securities & Exchange Board of India operationalises fast-track mechanism for AIF placement memorandums allowing non-LVF scheme launches after 30 days
The Securities & Exchange Board of India has operationalised a fast-track mechanism for processing placement memorandums filed by Alternative Investment Funds. Non-leverage fund schemes may be launched and placement memorandums circulated to investors 30 days after filing with the Securities & Exchange Board of India, unless otherwise advised, with the change intended to support more efficient capital deployment by Alternative Investment Funds.