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Investment Manager of AIF can provide investment services to offshore funds only after registering himself as a Portfolio Manager

Investment Manager of AIF can provide investment services to offshore funds only after registering himself as a Portfolio Manager

A manager of the SEBI registered AIF ‘Ace Lansdowne India Investment Fund’, sought an interpretative letter under the SEBI (Informal Guidance) Scheme, 2003 on the issue that in case applicant who is already acting as the Investment Manager of the SEBI registered AIF can provide investment management services to the offshore fund. SEBI clarified AIF can provide investment management services to the offshore fund only by obtaining the certificate of registration as a portfolio manager.

Informal-Guidance-sought-by-Ace_p

Click on the following link to access the Informal Guidance sought by Ace Lansdowne Investments Services LLP under SEBI (Alternative Investment Funds) Regulations, 2012 and SEBI (Portfolio Managers) Regulations, 2020

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