TAILIEUCHUNG - Concept paper on proposed Alternative Investment Funds Regulations

The study covered mutual fund expense ratios (not including market impact costs) and the behavior of these ratios with respect to mutual fund complexes and individual product lines with various amounts of assets under management. In particular, the study covered all 533 mutual fund complexes that existed in the United States during the years 1990 to 1994, encompassing assets totaling about $2 trillion at the end of the period. A mutual fund complex is a "sponsor" which may offer anywhere from. | 03 August 2011 EY Regulatory Alert Concept paper on proposed Alternative Investment Funds Regulations ẼỈIErnst Young Quality In Everything We Do Background The Securities and Exchange Board of India SEBI India s capital markets regulator on 1 August 2011 issued a concept paper discussing the proposed introduction of SEBI Alternative Investment Funds Regulations 2011 AIF Regulations for public comments. The AIF Regulations will provide a consolidated framework for registration and regulation of investment funds which raise capital from a number of institutional and High Net worth Investors HNIs . On introduction of the AIF Regulations the existing SEBI Venture Capital Funds Regulations 1996 VCF Regulations shall be repealed. Further certain types of services provided by portfolio managers under separate regulations are also proposed to be regulated as private pools of capital under the AIF Regulations. The AIF Regulations will only impact domestic investment pools and shall not impact offshore funds investing in India under the Foreign Direct Investment FDI route. We have discussed in this alert the salient provisions of the AIF Regulations and our preliminary comments on the same. 1. Meaning and scope of Alternative Investment Funds AIFs are defined to mean pooling or raising of private capital from institutional or HNIs with a view to investing it in accordance with a defined investment policy for the benefit of its investors and would include the following private pools of capital Private Equity Fund - for making investments primarily in unlisted equity or unlisted debt securities of companies Venture Capital Fund - for providing equity seed capital to unlisted start-up or new ventures or early-stage or emerging companies primarily involved in new or unproven products technology Private Investment in Pubic Equity PIPE Fund - for investments into small size listed companies Debt Fund - for making investments primarily in debt instruments of unlisted companies .

• Quỹ đầu tư
• Brazilian Agribusiness
• Forestry and Life
• Cycle Assessment
• Wildlife Forestry
• Fire Ignition
• Trends in Durango