Current Affairs · Banking and Finance Regulations
Consider the following statements regarding the revised directions issued by the Reserve Bank of India (RBI) on investment by Regulated Entities (REs) in Alternative Investment Funds (AIFs): 1. A single Regulated Entity shall not invest more than 10% of the total corpus of an AIF scheme, while all REs collectively must not exceed 15% of the same. 2. Provisioning is required only when an RE's exposure to an AIF exceeds 5% and the AIF holds downstream debt in the same RE's debtor company. 3. These guidelines apply prospectively and will not affect existing investments made by REs in AIFs before the date of issuance. Which of the above statements is/are correct?
- 11 only✓
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only
Correct answer
1 only
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