Regulatory Reporting by AIFs
Summary
This circular mandates Alternative Investment Funds (AIFs) to submit quarterly regulatory reports to SEBI using a revised format. The reporting process is facilitated by designated industry associations which host the formats and provide assistance to AIFs. A specific transition timeline was established for the initial trial run and subsequent mandatory adoption of the new reporting requirements.
Text
AIFs shall submit quarterly reports to SEBI in the formats specified with respect to the activities carried on by the AIFs.
The existing quarterly reporting format has been reviewed... and the revised format has been prepared.
The said revised reporting format shall be hosted by the AIF associations on their website within 2 working days of issuance of this circular.
The association shall assist all AIFs in understanding the reporting requirements and in clarifying or resolving any issues...
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.
The aforesaid reporting format shall be reviewed periodically by association / any AIF Standard Setting Forum in consultation with SEBI.
The association shall engage with all AIFs to ensure that to begin with and to carry out a trial run, quarterly report for the June 2023 quarter is submitted in the revised format by October 15, 2023 on the SI Portal.
The report for the quarter ending September 30, 2023 shall be submitted in the revised format by November 15, 2023.
From quarter ending December 31, 2023 onwards, AIFs shall submit quarterly report in the revised format as mentioned at paragraph 5 above.
This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992...
Source: SecMarx — Regulatory Reporting by AIFs. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.