The SEBI vide notification dated 15th November, 2022 has issued the Securities and Exchange Board of India (Alternative Investment Funds) (Fourth Amendment) Regulations, 2022. The amendment mandates that the Manager and either the trustee or the trustee company or the Board of Directors or designated partners of the Alternative Investment Fund, as the case may be, shall ensure that the assets and liabilities of each scheme of an Alternative Investment Fund are segregated and ring-fenced from other schemes of the Alternative Investment Fund; and bank accounts and securities accounts of each scheme are segregated and ring-fenced.
