Clarifications with respect to Circular dated February 05, 2020 on ‘Disclosure Standards for Alternative Investment Funds (AIFs)’

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..... tandards for Alternative Investment Funds (AIFs)' 1. SEBI has issued a Circular No. SEBI/HO/IMD/DF6/CIR/P/2020/24 ("Circular") dated February 05, 2020 on 'Disclosure Standards for Alternative Investment Funds (AIFs)'. 2. In this regard, it is clarified as under: (i) Audit of compliance with terms of PPM as provided in Paragraph 5 of the Circular, shall be conducted at the end of each F .....

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..... represents at least 33% of the number of AIFs, may notify one or more Benchmarking Agencies, with whom each AIF shall enter into an agreement for carrying out the benchmarking process." 4. In light of market events due to the COVID-19 pandemic, the timeline for making available the first industry benchmark and AIF level performance versus Benchmark Reports, is extended till October 01, 2020. 5. .....

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