Sebi issues revised quarterly reporting for Alternative Investment Funds

Markets regulator Sebi on Thursday issued a revised quarterly reporting format for Alternative Investment Funds (AIFs) to ensure compliance and uniformity. The quarterly reporting format has been reviewed in consultation with the industry associations such as Indian Venture and Alternate Capital Association (IVCA) and Equalifi, Sebi said in its circular. The revised reporting format will be uploaded by AIF associations on their website within two working days of the issuance of the circular. Further, these associations will also provide assistance to AIFs in understanding and addressing the reporting requirements, Sebi said. AIFs will have to submit their quarterly reports online via Sebi intermediary portal (SI portal) within 15 calendar days from the end of each quarter. However, this schedule needs to be followed December quarter onwards, the regular said. To facilitate a smooth transition, the association will work with all AIFs to ensure that the trial run of the revised ...

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