CDSL's subsidiary- CDSL Ventures gets nod from SEBI to set up Accreditation Agency

13 Jan 2022 , 11:25 AM

CDSL announce that its wholly-owned subsidiary – CDSL Ventures Limited (“CVL”), has received SEBI’s approval to set up an Accreditation Agency for a period of 3 years with effect from February 01, 2022, for accreditation of eligible Investors.
 
Nehal Vora, MD & CEO, CDSL said, “It is a very happy and proud milestone for us as our wholly-owned subsidiary – CVL receives the AI approval.  We believe in providing ease of business to all market participants and that this approval will be a catalyst in further achieving our vision to build a financial eco-system that is convenient, secured and dependable for the investors.“

The core of the CDSL groups’ ethos is to empower the investors to become self-sufficient i.e, an Atmanirbhar Niveshak.”

SEBI had earlier in August-2021, introduced a concept of ‘Accredited Investors’ (AIs) in the Indian Securities market. Under the aforesaid framework covering Alternative Investment Funds, Portfolio Managers and Investment Advisors, AIs may avail flexibility in minimum investment amount (“Lower ticket size”) or concessions from specific regulatory requirements applicable to investment products, subject to conditions applicable for specific products or services. Persons desirous of being reckoned as AIs shall approach an Accreditation Agency for accreditation.