SEBI clarifies: no plans for regulatory oversight of family offices

Mumbai (Maharashtra) [India]4 October (Memoir): On Saturday, Indian Securities and Stock Exchange Board (SEBI) announced that he did not think of any regulatory surveillance of his family offices and rejected the latest media reports that suggest otherwise.

In an official statement, the market regulator called reports such as “actually wrong” and confirmed that such an offer is not examined.

“Some media reports came to the attention of Sebi, which some media reports claim to be thinking about the regulatory surveillance of the family offices. These reports are actually wrong. He said.

On October 3, several media platforms reported that the market regulators are intending to bring family offices-Ultra-High Net Value-Under a regulatory framework that manages the richness of the richness of value.

The Family Office is a special Servet Management Company that provides comprehensive finance and investment services to high -net valuable individuals or families.

Unlike traditional reserve managers, family offices offer a wide range of personalized services such as investment management, tax planning, real estate planning, philanthropy and sometimes even lifestyle and concern services. Their primary goals are to protect and enlarge family reward for generations.

There are two main family offices: the only family offices (SFOs) serving a wealthy family and many family offices (MFOs) that appeal to several families provide joint services to reduce costs. In India, family offices, especially among the business families and the founders, are trapped because they are looking for their personal authority and looking for professional management.

A recent EY-Julius Baer report continued to prioritize 25 percent of Indian family offices prioritizing his reserve protection, and many of them are now actively diversified to global and alternative assets.

The report emphasizes how India’s ultra -high -net valuable families have diversified and manage to grow and manage their reserves. (Moment)