Question
SEBI proposed the ‘GARUDA Mechanism’ to accelerate
the launch and approval process of which financial products?ÂSolution
SEBI proposed a new regulatory framework titled ‘Green-Channel: Alternative Investment Funds Rollout Upon Document Acknowledgement (GARUDA) mechanism’ to accelerate the launch and approval process of AIF schemes in India. It will enable Non-Accredited Investor schemes to be rolled out in 10 working days from the current 30 days.
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