Sebi proposes widening accreditation scope for KRAs, allows AIFs to provisionally onboard investors, public consultation sought till July 8

Sebi is planning changes for investor accreditation and AIF onboarding. All KYC Registration Agencies may become accreditation agencies. This could increase competition and lower costs. AIF managers can provisionally onboard investors based on initial checks. Funds cannot be accepted until formal accreditation is secured. These proposed reforms aim to streamline the process for investors and AIFs.

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