Sebi Updates Securitisation Norms and Introduces Faster AIF Scheme Approval Process
The Securities and Exchange Board of India (Sebi) has approved amendments to enhance regulatory frameworks for securitised debt instruments and municipal bonds, aligning them with the Reserve Bank of India's guidelines to improve market efficiency. Additionally, Sebi introduced the GARUDA green-channel mechanism to expedite alternative investment funds' scheme launches, reducing the waiting period from 30 to 10 working days and simplifying filing requirements for certain schemes. These changes aim to support market development and facilitate faster capital deployment amid growing AIF activity.