Mumbai, Aug. 15 -- The Securities and Exchange Board of India (SEBI) has proposed a comprehensive review of the existing Accredited Investor (AI) framework to simplify accreditation and expand the pool of eligible investors.

Under the consultation paper, SEBI has proposed introducing securities market assets as an additional eligibility criterion for accreditation, alongside the existing income and net-worth criteria. The proposed threshold is Rs 5 crore for individuals and Rs 20 crore for body corporates.

SEBI said the proposal could potentially expand the pool of eligible Accredited Investors to around 4 lakh, compared with the existing Alternative Investment Fund (AIF) investor base of around 1 lakh.

The regulator has also proposed ...