The Securities and Exchange Board of India (“SEBI”), through its Consultation Paper dated August 13, 2026, has proposed a comprehensive review of the Accredited Investor (“AI”) framework introduced in 2021, covering the accreditation process, verification mechanisms, eligibility criteria and associated safeguards. Key proposals include an optional manager-led accreditation route alongside the existing Accreditation Agency mechanism, a new eligibility test based on securities market assets independent of income or net worth, an expansion of deemed AI status to all persons resident outside India, and proposed look-through mechanisms for LLPs and wholly-owned subsidiaries.
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