New Delhi, March 5: The Securities and Exchange Board of India (SEBI) has implemented significant changes to regulatory reporting for Alternative Investment Funds (AIFs). This initiative aims to reduce compliance burdens and promote ease of doing business. SEBI has issued a circular under Regulation 28 of the AIF Regulations, 2012, and Clause 15.1 of the Master Circular, which is effective immediately.
Previously, AIFs were required to submit their activity reports within 15 days of the end of each quarter, using a format hosted on the Indian Venture and Alternate Capital Association (IVCA) website. The reporting frequency has now been reduced.
AIFs must now submit a comprehensive annual activity report at the end of each financial year (April to March). This report is to be submitted online via the SEBI intermediary portal (AIF portal) within 30 calendar days following the end of the financial year in March. The first such annual report for the financial year ending March 2026 is due by May 31, 2026.
Additionally, AIFs are required to submit a limited quarterly activity report, which must be submitted online in the revised format within 15 days of the end of each quarter. The first quarterly report will cover the quarter ending in June 2026. However, no separate quarterly report is needed for the quarter ending in March, as quarterly data points will be included in the annual report.
These changes reflect the rapidly evolving landscape of the AIF industry. The review of the reporting format was conducted in consultation with the AIF Standards Forum (IVCA). SEBI’s Ease of Doing Business Working Group also recommended reducing the reporting frequency. The revised reporting format will be available on the IVCA website within three days of the circular’s issuance. The IVCA will assist AIFs in understanding reporting requirements and resolving any issues.
This circular will replace Clause 15.1 of Chapter 15 (Reporting by AIFs) of the Master Circular dated May 7, 2024. SEBI has taken this step to protect investors’ interests, foster the development of the securities market, and strengthen regulations. The circular is available on SEBI’s official website under the ‘Legal Framework – Circular’ and ‘Alternative Investment Funds’ sections.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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