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<h1>SEBI Updates Reporting Rules for AIFs: Quarterly Submissions and Leverage Reporting Required for Category III AIFs.</h1> The Securities and Exchange Board of India (SEBI) has revised the regulatory reporting requirements for Alternative Investment Funds (AIFs). AIFs must now submit quarterly reports on their activities to SEBI within 10 days after each quarter ends, using the updated formats provided. Category III AIFs must also report on leverage undertaken. Reports are to be submitted online via the SEBI intermediary portal. Changes to private placement memoranda and related documents must be reported to investors and SEBI annually. These reporting changes apply from the quarter ending December 31, 2021, while other provisions are effective immediately.