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SEBI Weighs Oversight Rules for Billionaire Family Offices

Reported proposals include mandatory disclosures with a distinct regulatory category.

Overview

  • India’s market regulator has begun talks on bringing family offices under formal supervision, according to media reports citing people familiar with the matter.
  • Measures under discussion would require disclosure of entities, assets and investment returns for the first time, with a separate framework for family-office investment vehicles.
  • SEBI has sought views on letting family offices qualify as institutional buyers, a move that could allow preferential IPO allocations similar to mutual funds and insurers.
  • The push seeks greater visibility into conglomerate wealth investing to address conflicts of interest and insider-trading risk, the reports said.
  • No final rules or timeline have been announced, SEBI has not commented, and India currently lacks a specific regime even as family offices such as Premji Invest and Bajaj Holdings act as major IPO anchors.