Consultation paper for amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014


SEBI UPDATE

Consultation paper for amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014

SEBI has issued a Consultation paper for amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014 based on the feedback received from various stakeholders.

The issues and the proposals for amendment are as under:

  1. Removing the restriction on the SPV (only in case of such SPV being a Holding Company) to invest in other SPVs holding the assets.
  2. Mandatory sponsor holding in InvIT
  3. Increase the number of sponsors from 3 to 5
  4. Approval of related party transactions by the unit holders
  5. Aligning minimum public holding requirement with SCRR
  6. Eligibility Criteria for Investment Manager
  7. Responsibilities of the Trustee and its associate
  8. Allowing InvIT to lend to the underlying SPVs
  9. Operational aspects