The Securities and Exchange Board of India (SEBI) has introduced a revised quarterly reporting format for Alternative Investment Funds (AIFs) to streamline compliance reporting and enhance uniformity.
This move follows consultations with industry bodies, including the Indian Venture and Alternate Capital Association (IVCA) and Equalifi. The revised format will be made available on the websites of AIF associations, such as IVCA, within two working days of the circular’s issuance.
The circular stated, “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.”
AIFs will need to submit the quarterly report online via the SEBI Intermediary Portal (SI Portal) within 15 calendar days from the end of each quarter, starting from the December 2023 quarter.
The circular said, “To keep pace with the fast-changing landscape of AIF industry and for policy and supervision purposes, the aforesaid reporting format shall be reviewed periodically by association / any AIF Standard Setting Forum in consultation with SEBI. In case of any revisions in the reporting format, the revised format shall be made available on the websites of the association / the AIF Standard Setting Forum at least 1 month prior to the end of the quarter.”
