n NISM Certifications
X NISM Series X
Medium

When an AIF is created as a trust, it is regulated both under the Indian Trusts Act and by SEBI, ensuring legal compliance and regulatory oversight.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It will be regulated only under the Indian Trusts Act and not by SEBI

  2. B

    The SEBI AIF regulations will be applicable only when it violates the Indian Trusts Act

  3. C

    The AIF regulations of SEBI apply only to its incorporation

  4. The AIF will be regulated both under the Indian Trusts Act and by SEBI

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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