The Securities and Exchange Board of India (SEBI) on November 28, 2023, issued a Consultation Paper on changes in the regulatory framework for Special Situation Funds, a sub-category of Alternative Investment Funds, to facilitate Special Situation Funds to acquire stressed loans in terms of RBI (Transfer of Loan Exposures) Directions, 2021
The following has been stated namely: -
• This Consultation Paper aims to amend SEBI (Alternative Investment Funds) Regulations, 2012, and to make changes in the regulatory framework for Special Situation Funds necessary to facilitate SSFs to acquire stressed loans in terms of Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021
• Public comments are invited for the proposals mentioned The comments/suggestions may be provided in an MS Excel file as per the format attached
• The Comments as per the format may be sent to the following, at the latest by December 27, 2023, in any of the following manners namely: -
(i) Preferably by email to [email protected]. with a copy to Shri Sachin Kisan Jadhav, Manager [email protected]
(ii) By post to: Shri Sanjay Singh Bhati, Deputy General Manager, Alternative Investment Fund and Foreign Portfolio Investors Department, Securities and Exchange Board of India, SEBI Bhavan, C4-A, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai -400051
