SEBI Proposes GARUDA to Reduce AIF Launch Timelines

SEBI Proposes GARUDA Mechanism for AIFs

SEBI has recommended the introduction of the GARUDA mechanism to enhance the efficiency of launching Alternative Investment Fund (AIF) schemes. This mechanism is designed to significantly reduce the timelines associated with scheme launches while keeping in place necessary compliance checks.

The aim is to foster a more conducive environment for AIFs to grow while not compromising on regulatory oversight, thereby supporting both innovation and investor protection.

Legal practitioners should be prepared to align their clients’ strategies with the new GARUDA mechanism, facilitating quicker launches of AIFs under the proposed structure.