Regulatory Alerts2025-05-07
SEBI Circular on Revision of Financial Disclosures and Continuous Compliance Requirements for Infrastructure Investment Trusts
The Securities and Exchange Board of India (SEBI) has revised Chapters 3 and 4 of the Master Circular for Infrastructure Investment Trusts (InvITs) to update financial disclosure and continuous compliance frameworks. The revised regulations mandate specific requirements for audited financial statements, proforma calculations, and detailed disclosures regarding net assets, total returns, and related party transactions in offer documents and placement memoranda. These changes, driven by the HySAC Working Group's recommendations, aim to enhance transparency and ease of doing business, with most provisions effective immediately and Chapter 4 requirements applying to periods starting on or after April 1, 2025.
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