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The Reserve Bank of India hasspecifiedCategory I Alternative Investment Funds (AIFs) set up as trust and registered with Securities and Exchange Board of India under Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, as qualified buyers subject to certain conditi
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FAQ :
The RBI has specified Category I Alternative Investment Funds (AIFs) set up as trusts and registered with the SEBI as 'qualified buyers'.
Conditions include that an AIF investing in an asset reconstruction company (ARC) cannot invest in security receipts from that ARC, and AIFs cannot invest in security receipts from associate or group companies or those backed by non-performing assets of banks holding significant equity in the AIF.
Category I Alternative Investment Funds (AIFs) set up as trusts and registered under the Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012 are included.
Being a 'qualified buyer' likely refers to their eligibility to participate in specific financial transactions or investments as defined by the RBI's regulations.
The notification is from the Reserve Bank of India, dated March 10, 2021, and issued under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
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