In a bid to foster a more investor-friendly ecosystem, SEBI has unveiled pivotal reforms in Alternative Investment Fund (AIF) reporting protocols. The immediate-effect circular, rooted in AIF Regulations 2012 and the Master Circular, shifts focus from quarterly overload to strategic annual disclosures.
AIFs wave goodbye to the old 15-day quarterly filings on IVCA platforms. Enter the Annual Activity Report: a detailed yearly snapshot filed online through the SEBI Intermediary Portal, 30 days post-March 31. FY 2025-26 pioneers this, with deadline May 31, 2026.
Quarterly reporting evolves too—a limited version in fresh format, submitted 15 days after each quarter-end via SIP, bypassing March to integrate with annuals. June 2026 quarter starts the clock.
These tweaks honor the AIF landscape’s dynamism, born from IVCA AIF Standards Forum deliberations and SEBI’s business-ease panel. Formats go live on IVCA within days, backed by compliance aid.
Superseding May 2024 Master Circular provisions, the move balances investor protection with market expansion and robust governance. SEBI’s website hosts the circular in dedicated Legal and AIF hubs for seamless access.