Uniform compliance reporting for Specialized Investment Funds aligned with mutual funds, adding new CTR Part IV and trustee clause.

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....SEBI prescribes uniform compliance reporting formats for Specialized Investment Funds (SIFs) by applying to SIFs all reporting requirements under the SEBI (Mutual Funds) Regulations, 1996, the MF Master Circular dated June 27, 2024, and related circulars, thereby subjecting SIFs to the same compliance reporting regime as mutual funds. The Compliance Test Report format is modified to add a new Part IV requiring AMCs managing SIFs to report additional SIF-specific compliance (including minimum investment threshold, strategy characteristics, fee/expense limits, investment and issuer-concentration restrictions, derivatives, product differentiation, disclosures, subscription/redemption, listing, benchmarking, distribution, risk band, and scenari.........