SEBI Publishing Investor Charter and Disclosure of complaints by AIFs

Last updated: 11 December 2021

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The Securities and Exchange Board of India (SEBI) has issued a new circular requiring all Alternative Investment Funds (AIFs) to publish an Investor Charter. This document will provide investors with clear information on services, grievance redressal, and investor responsibilities. Additionally, AIFs must now disclose data on investor complaints and their resolution status, enhancing transparency in the grievance redressal mechanism. These new disclosure requirements come into effect from January 1, 2022.

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-I/DOF9/P/CIR/2021/682 December 10, 2021 To, All SEBI registered Alternative Investment Funds (AIFs) Dear Sir/Madam, Subject: Publishing Investor Charter and Disclosure of complaints by AIFs 1. With a view to providing relevant information to investors about the various activities pertaining to AIFs, an Investor Charter has been prepared by SEBI. 2. This Investor Charter is a brief document containing detai

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FAQ :

The Investor Charter provides investors with relevant information about AIFs, including details of services, the grievance redressal mechanism, and investor responsibilities, all in one place.

For new schemes, the Charter should be disclosed in the Private Placement Memorandum (PPM). For existing schemes, it should be sent to investors via their registered email as a one-time measure.

AIFs are now required to disclose data on investor complaints received against them and their schemes, along with the redressal status, to enhance transparency.

The provisions of this circular, including the Investor Charter and complaint disclosure, come into effect from January 01, 2022.

The full notification can be found on the SEBI website at sebi.gov.in under the category 'Legal Framework-Circulars' and 'Info for – Alternative Investment Funds'.