SEBI notifies Compliance Report on Governance for Infrastructure Investment Trust (‘InvITs’)

Regulation 26K of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”) requires as under: (1) The investment manager shall submit a quarterly compliance report on governance in the format as may be specified by the Board, to the recognized stock exchange(s) within twenty-one days from the end of each quarter. (2) The report referred in sub-regulation (1) of this regulation shall be signed either by the compliance officer or the chief executive officer of the investment manager.

SEBI has now provided formats for these which are as follows:

  1. Annex – I – within twenty one days from the end of each quarter;
  2. Annex – II – within twenty one days from the end of financial year on an annual basis;
  3. Annex – III – within three months from the end of financial year on an annual basis;

SEBI has stated that investment manager of the InvIT shall submit the compliance report on governance in the aforesaid format to the stock exchanges. The compliance report on governance shall also be made part of annual report of the InvIT.

SEBI has stated that first reporting shall be made for the quarter ended June 30, 2023. 

Lot of actionable are arising out of this new format of compliance report. Compliance Officer of InvITs need to gear up for this.


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