The SEBI has issued a Circular dated September 14, 2023, outlining regulatory reporting requirements for Alternative Investment Funds (AIFs).
SEBI (AIF) Regulations, 2012, along with the SEBI Master Circular for AIFs dated July 31, 2023, mandate that AIFs submit quarterly reports to SEBI. These reports are crucial for monitoring and regulating the activities of AIFs.
To standardize compliance standards and simplify reporting, SEBI collaborated with industry associations – Indian Venture and Alternate Capital Association (IVCA) and Equalifi. The result is a revised reporting format designed to streamline reporting for AIFs.
The revised reporting format will be made available on the websites of IVCA and Equalifi within two working days of the circular’s issuance. This move aims to ensure transparency and accessibility for AIFs.
IVCA and Equalifi will assist AIFs in understanding the reporting requirements and addressing any issues related to reporting. This support is essential to ensure accurate and timely reporting.
AIFs are required to submit their quarterly reports online through the SEBI Intermediary Portal (SI Portal). Reports must be submitted within 15 calendar days from the end of each quarter.
The reporting format will undergo periodic reviews to align with the evolving AIF industry landscape. Any revisions will be made available on the association websites at least one month before the end of the quarter.
Link – https://www.sebi.gov.in/legal/circulars/sep-2023/regulatory-reporting-by-aifs_76908.html
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