The Securities and Exchange Board of India (SEBI) on September 14, 2023, issued a circular regarding the Regulatory Reporting by AIFs.
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 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 which may arise in connection with reporting to ensure accurate and timely reporting.
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 following applicability has been stated:
• The association shall engage with all AIFs to ensure that to begin with and to carry out a trial run, the 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 above.
[Circular No. SEBI/HO/AFD/SEC-1/P/CIR/2023/015]
