Rationalisation of AIF Regulatory Reporting Requirements

SEBI on April 7, 2021 issued a Circular rationalizing the existing AIF regulatory reporting requirements prescribed in circular dated July 29, 2013. Timeline for submitting a quarterly report (applicable from the quarter ending December 31, 2021 onwards) by AIFs on their activity as an AIF to SEBI has been revised to 10 calendar days from the end of each quarter to be provided in the revised formats as specified in Annexure I of the Circular. Category III AIFs to submit a quarterly report on leverage undertaken, in the revised formats as specified in Annexure II of the Circular. The Circular partially modifies the circular dated July 18, 2014 making the requirement of notifying all changes in a private placement memorandum (‘PPM’) and the documents of a fund/scheme to be intimated to investors and SEBI on a consolidated basis within 1 month of the end of each financial year.

Published In:Inter Alia - Quarterly Edition - June 2021 [ English Chinese japanese ]
Date: June 30, 2021