Sebi on Tuesday decided to introduce a framework for accredited investors, a class of investors who may be considered as well-informed about investment products, in the Indian securities market. The board of Sebi after deliberation approved the proposal to introduce a framework for accredited investors.Under the proposed framework, individuals, HUFs, family trusts, sole proprietorships, partnership firms, trusts and body Corporates based on financial parameters would be eligible for accreditation of investors, Sebi said in a statement after the board meeting. The accreditation of investors should be carried out through "Accreditation Agencies" like subsidiaries of depositories and specified stock exchanges, and any other specified institutions.
