SEBI operationalises Fast-Track Mechanism for Processing of Placement Memorandum of AIFs filed with SEBI

AIFs can launch eligible non-LVF schemes after 30 days unless SEBI objects

Change
India's SEBI operationalised a fast-track mechanism allowing AIFs to launch non-LVF schemes after 30 days of filing, unless otherwise advised.
Why it matters
The mechanism changes the waiting route for non-LVF AIF scheme launches. AIFs may circulate PPMs to investors and solicit funds after the 30-day filing period if SEBI does not advise otherwise.
Implications
  • AIF managers must track the 30-day post-filing window before launching eligible non-LVF schemes.

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