Sebi streamlines criteria for grant of accreditation to investors
NEW DELHI: Capital markets regulator Sebi on Monday simplified the requirements for the grant of certification to accredited investors. A person or entity identified as an accredited investor based on net worth or income. Such investors can invest in securities that may not be available to retail investors. Under the framework, accreditation agencies, which are also KYC Registration Agencies (KRAs), can access Know Your Customer (KYC) documents of applicants available with them in the capacity of KRA and can also access the same from the database of other KRAs for accreditation, Sebi said in a circular. The accreditation agencies will grant accreditation solely based on the KYC and the financial information of the applicants. The certificate issued by accreditation agencies will include ...