https://www.taxtmi.com/circulars?id=58159 AIFs must enhance investor transparency: Category III funds report end-of-day leverage to custodians by next working day; placement memoranda must include a detailed tabular fees example and disciplinary history, with existing AIFs circulating addenda to investors and filing copies with the regulator. Material changes to placement memoranda trigger defined exit rights for dissenting investors, with managers bearing exit costs and trustees/sponsors overseeing the process. Managers must prepare an annual Compliance Test Report in the prescribed format and report violations to the regulator. Exempted funds must submit prescribed scheme information electronically within the specified period. en-us Thu, 19 Jun 2014 00:00:00 +0530 Tue, 11 Dec 2018 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58159 AIFs must enhance investor transparency: Category III funds report end-of-day leverage to custodians by next working day; placement memoranda must include a detailed tabular fees example and disciplinary history, with existing AIFs circulating addenda to investors and filing copies with the regulator. Material changes to placement memoranda trigger defined exit rights for dissenting investors, with managers bearing exit costs and trustees/sponsors overseeing the process. Managers must prepare an annual Compliance Test Report in the prescribed format and report violations to the regulator. Exempted funds must submit prescribed scheme information electronically within the specified period. Circulars SEBI Thu, 19 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58159