SEBI has issued a circular streamlining the process for granting accreditation to investors by reducing procedural delays and documentation burdens. AIF managers are now permitted to initiate onboarding activities, including execution of contribution agreements, while formal accreditation is still in process, subject to safeguards such as prohibition on fund receipt and exclusion from corpus calculation until certification is granted. The circular also enhances investor privacy by removing the requirement to disclose detailed net worth break-ups and making value disclosure optional in the CA certificate. These changes improve ease of doing business while maintaining regulatory oversight and compliance discipline.