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