Extension of timeline for modified reporting requirements for AIFs

Last updated: 31 December 2021

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The Securities and Exchange Board of India (SEBI) has extended the deadline for modified reporting requirements for Alternative Investment Funds (AIFs). Originally set to begin from the quarter ending December 31, 2021, these new reporting rules will now be applicable from the quarter ending September 30, 2022. This decision follows requests from the AIF industry for an extension.

Securities and Exchange Board of India

CIRCULAR

SEBI/HO/IMD/IMD-I/DOF6/CIR/2021/700

December 30, 2021

To,

All Alternative Investment Funds (AIFs)

Dear Sir/ Madam,

Sub: Extension of timeline for modified reporting requirements for AIFs.

1. SEBI vide Circular No. SEBI/HO/IMD/IMD-I/DOF6/CIR/2021/549 dated April 07, 2021, specified the revised reporting requirements for AIFs. It was also specified in para 5 of the Circular that the modified reporting requirements shall be applicable for quarter ending December 31, 2021 onwards.

2. SEBI has received requests from AIF Industry to extend the aforesaid timeline for applicability of the modified reporting requirements. After consideration, it has been decided that in partial modification to para 5 of the aforesaid Circular, the modified reporting requirements shall be applicable for quarter ending September 30, 2022 onwards.

3. This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.

4. This Circular is available on SEBI website atsebi.gov.in under the categories “Legal Framework” and under the drop down “Circulars” and “Info for – Alternative Investment Funds”.

Yours faithfully,

Sanjay Singh Bhati Deputy
General Manager Investment
Management Department Tel no.:
+91-22-26449222
ssbhati@sebi.gov.in

FAQ :

The main change is the extension of the timeline for the modified reporting requirements for Alternative Investment Funds (AIFs).

The modified reporting requirements were originally specified to be applicable for the quarter ending December 31, 2021.

The modified reporting requirements will now be applicable for the quarter ending September 30, 2022.

The deadline has been extended after SEBI received requests from the AIF Industry to extend the timeline.

This circular was issued by the Securities and Exchange Board of India (SEBI).

Notification No : SEBI/HO/IMD/IMD-I/DOF6/CIR/2021/700
Source : https://www.sebi.gov.in/legal/circulars/dec-2021/extension-of-timeline-for-modified-reporting-requirements-for-aifs_55108.html

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