SEBI is reshaping the regulatory landscape for Alternative Investment Funds (AIFs) with a game-changing circular that slashes reporting demands and champions ease of doing business. Effective right away, the directive amends Regulation 28 of AIF Regulations 2012 and Clause 15.1 of the Master Circular.
Quarterly headaches are history. What was once a 15-day post-quarter scramble to IVCA-hosted formats is now streamlined into one primary Annual Activity Report per financial year. Submit it online via SEBI’s Intermediary Portal within 30 days of March 31. Mark your calendars: the FY ending March 2026 report is due May 31, 2026.
A lighter Quarterly Activity Report in revised format joins the mix, due 15 days after quarter-ends on the same portal—except for March, where data folds into the annual filing. First quarterly due post-June 2026.
Responding to the AIF sector’s growth spurt, SEBI consulted IVCA’s AIF Standards Forum and its Ease of Doing Business Group. New formats drop on IVCA’s website in three days, with guidance to iron out issues.
This update nullifies Clause 15.1 from the May 7, 2024 Master Circular. It’s a strategic play to shield investors, nurture market maturity, and fortify rules without stifling innovation. Dive into details on SEBI’s site under Legal Framework and AIF sections.