SEBI updates AIF Master Circular on 5 November 2026, integrating the new accredited investor regime and GARUDA compliance mechanism.
Revised AIF Regulatory Framework
SEBI has updated the AIF Master Circular effective 5 November 2026, consolidating recent regulatory changes affecting Alternative Investment Funds, including the revised Accredited Investor Framework.
New provisions incorporate the GARUDA compliance reporting mechanism, standardized fund winding-up procedures, and clarity on permitted investments. The updated circular enhances consistency across fund categories and strengthens investor protection measures.
Practitioners must align fund constitutions and offering documents with revised disclosure and operational norms. The updates simplify regulatory navigation and should be factored into fund structuring and compliance reviews.
Citations
- SEBI AIF Master Circular, November 2026