CIRCULAR
SEBI/HO/AFD/SEC-1/P/CIR/2023/0155 September 14, 2023
To
All Alternative Investment Funds (AIFs),
Indian Venture and Alternate Capital Association (IVCA),
Equalifi
Sir/ Madam,
Sub: Regulatory Reporting by AIFs
1. In terms of Regulation 28 of SEBI (AIF) Regulations, 2012 read with Clause 15.1 of
SEBI Master Circular for AIFs dated July 31, 2023, AIFs shall submit quarterly
reports to SEBI in the formats specified with respect to the activities carried on by
the AIFs.
2. 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.
3. The said revised reporting format shall be hosted by the AIF associations on their
website within 2 working days of issuance of this circular.
4. 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.
5. 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.
6. 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, revised format shall be made
available on websites of association / the AIF Standard Setting Forum at least 1
month prior to end of the quarter.
Applicability:
7. 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.
8. The report for the quarter ending September 30, 2023 shall be submitted in the
revised format by November 15, 2023.
9. From quarter ending December 31, 2023 onwards, AIFs shall submit quarterly
report in the revised format as mentioned at paragraph 5 above.
10. This Circular is issued in exercise of powers conferred under Section 11(1) of the
Securities and Exchange Board of India Act, 1992, to protect the interest of
investors in securities and to promote the development of, and to regulate the
securities market.
11. This Circular is available on SEBI website at www.sebi.gov.in under the categories
“Legal Framework - Circulars” and "Info for-Alternative Investment Funds”.
Yours faithfully,
Rajesh Gujjar
General Manager
Tel no.: +91-22-26449232
rajeshg@sebi.gov.in