SEBI : Regulatory Reporting by AIFs

Last updated: 15 September 2023

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The Securities and Exchange Board of India (SEBI) has introduced a revised quarterly reporting format for Alternative Investment Funds (AIFs). This update, developed in consultation with industry associations like IVCA and Equalifi, aims to standardise compliance and ease reporting for AIFs. The new format will be available on the associations' websites within two working days, and AIFs must submit their reports online via the SEBI Intermediary Portal within 15 days of each quarter's end.

Securities and Exchange Board of India

CIRCULAR

SEBI/HO/AFD/SEC-1/P/CIR/2023/0155 September 14, 2023

To
All Alternative Investment Funds (AIFs),
Indian Venture and Alternate Capital Association (IVCA),
Equalifi

Sir/ Madam,

Sub: Regulatory Reporting by AIFs

1.In terms of Regulation 28 of SEBI (AIF) Regulations, 2012 read with Clause 15.1 of SEBI Master Circular for AIFs dated July 31, 2023, AIFs shall submit quarterly reports to SEBI in the formats specified with respect to the activities carried on by the AIFs.

2.In order to enable the AIF industry to have uniform compliance standards, ease compliance reporting and for regulatory and developmental purposes, the existing quarterly reporting format has been reviewed in consultation with AIF Industry Associations – Indian Venture and Alternate Capital Association (IVCA) and Equalifi (hereinafter referred to as ‘association’) and the revised format has been prepared.

3.The said revised reporting format shall be hosted by the AIF associations on their website within 2 working days of issuance of this circular.

4.The association shall assist all AIFs in understanding the reporting requirements and in clarifying or resolving any issues which may arise in connection with reporting to ensure accurate and timely reporting.

5.The quarterly report shall be submitted by AIFs online on the SEBI Intermediary Portal (SI Portal) as per the aforesaid revised format. The report shall be submitted within 15 calendar days from the end of each quarter.

For full notification please refer to the attachment

FAQ :

The circular introduces a revised quarterly reporting format for Alternative Investment Funds (AIFs) to ensure uniform compliance standards and ease reporting for regulatory and developmental purposes.

The revised reporting format will be hosted by the AIF industry associations, specifically the Indian Venture and Alternate Capital Association (IVCA) and Equalifi, on their websites.

The revised reporting format will be hosted by the AIF associations on their websites within two working days of the circular's issuance.

AIFs must submit their quarterly reports online through the SEBI Intermediary Portal (SI Portal) using the revised format.

The quarterly reports must be submitted within 15 calendar days from the end of each quarter.

The AIF associations will assist AIFs in understanding the reporting requirements and resolving any issues to ensure accurate and timely reporting.

Notification No : SEBI/HO/AFD/SEC-1/P/CIR/2023/0155
Source : https://www.sebi.gov.in/legal/circulars/sep-2023/regulatory-reporting-by-aifs_76908.html

Attached File : 322600_11178_regulatory_reporting_by_aifs.pdf

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