Scope, commencement and definitions
Classify the entity, product, security, investor and transaction using the current definitions.
Alternative Investment Funds Regulations, 2012
Current regulation hub for AIFs/managers, including regulation-wise controls, interpretation, examples, Q&A, forms and cross-law mapping.
2012Last amended 2026-04-18AIFs/managers
Current status
Regulation-wise control map
Numbering control: These professional units must be joined to exact numbered regulations, provisos and schedules from the official consolidated PDF before a page is labelled verbatim law.
Registration or eligibility
Test registration, fit-and-proper, capital/net worth, infrastructure and continuing eligibility.
Governance and responsible persons
Map Board/trustee/compliance officer/key-person duties and conflict controls.
Permitted activity and restrictions
Define permitted business, prohibited conduct, concentration and related-party limits.
Investor/client onboarding and agreements
Apply KYC, suitability/appropriateness where relevant, disclosures, contracts and consent.
Valuation, pricing, fees and funds/securities
Control valuation, pricing, expense/fee, custody, segregation, bank and depository flows.
Disclosure and reporting
Map offer/listing/periodic/event disclosure, returns, website and record retention.
Conduct, inspection and enforcement
Apply fiduciary/fair conduct, audit/inspection, breach reporting, directions, suspension/cancellation and penalties.
Forms and schedules
Use current application, certificate, disclosure, reporting and fee schedules.
Amendment and transitional controls
Reconcile last amendment, saved approvals, open transactions and superseded circulars.