Sebi proposes changes in Special Situation Funds

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In a consultation paper, the market regulator suggested a definition of ‘special situation assets’, eligibility of investors in SSFs in terms of Insolvency law, restrictions concerning investment in connected entities, minimum holding period, subsequent transfer of loans, monitoring and supervision of such SSFs. To enable SSFs to acquire stressed loans,Read More →

Exam jitters grip finance pros as Sebi mandates certification

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New Delhi: Several private equity and hedge fund managers are experiencing exam jitters following a proposal that mandated the finance pros validate their skills by clearing a certification examination from the National Institute of Securities Market (NISM). The Securities and Exchange Board of India (Sebi) approved the proposal mandating certificationRead More →