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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ary 05, 2020 on Disclosure Standards 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, sh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sociation ), which in terms of membership, 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 Rep .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X