Sebi Points Revised Quarterly Reporting Format For AIFsPublished 18 hours in the past

Markets regulator Sebi on Thursday issued a revised quarterly reporting format for Various Funding Funds (AIFs) to make sure compliance and uniformity.

The quarterly reporting format has been reviewed in session with the business associations resembling Indian Enterprise and Alternate Capital Affiliation (IVCA) and Equalifi, Sebi stated in its round.

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The revised reporting format will likely be uploaded by AIF associations on their web site inside two working days of the issuance of the round. Additional, these associations will even present help to AIFs in understanding and addressing the reporting necessities, Sebi stated.

AIFs must submit their quarterly stories on-line through Sebi middleman portal (SI portal) inside 15 calendar days from the tip of every quarter.

Nevertheless, this schedule must be adopted December quarter onwards, the common stated.

To facilitate a easy transition, the affiliation will work with all AIFs to make sure that the trial run of the revised quarterly report for the June quarter is submitted on the SI Portal by October 15.

For the September quarter, AIFs ought to submit their stories within the revised format by November 15, Sebi stated.

To adapt to modifications within the AIF business and for coverage and supervision functions, the reporting format will likely be periodically reviewed by the affiliation or any AIF Normal Setting Discussion board, in session with Sebi.

If any revisions are made, the up to date format will likely be posted on the affiliation’s or the discussion board’s web sites not less than one month previous to the tip of the quarter, the regulator added.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)