INDIA: SEBI Grants Recognition to CDSL Ventures Limited as an Accreditation Agency

Thursday January 13 2022

On 12^th January 2022, the Securities and Exchange Board of India (SEBI) has been granted recognition to CDSL Ventures Limited as an Accreditation Agency

To introduce framework for “Accredited Investors” in the Indian Securities Market. Pursuant to SEBI Circular dated August 26^th, 2021  on modalities for implementation of the framework for Accredited Investors, applications have been received from entities for recognition as Accreditation Agency, which shall issue Accreditation certificate to the investors seeking accreditation.

Post examination of their application, CDSL Ventures Limited (CVL), a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL) has been granted recognition as  an  Accreditation  Agency  under  Regulation 2 (1) (aa)  of  SEBI (Alternative Investment Funds) Regulations, 2012 with SEBI circular dated August 26^th, 2021, for a period of three years with effect from February 01^st, 2022. The renewal of the recognition would be subject to satisfactory performance by CVL.

The procedure for accreditation of an investor and verification of accreditation status of an investor by investment providers (viz Alternative  Investment  Funds, Portfolio Managers and,  Investment Advisers) and other modalities along with  relevant circulars shall be displayed on the website of CDSL and CVL.

Click on the above link for further information