n NISM Certifications
X NISM Series X
Medium

To whom are Alternative Investment Funds statutorily obligated to report?

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    SEBI and the Sponsors

  2. B

    SEBI and the Sponsors and the Trustees

  3. SEBI and the Investors

    Correct answer

  4. D

    SEBI and the Trustees

Why this is the answer

AIFs must ensure transparency by reporting to SEBI and providing disclosures to investors under regulation 22 of the SEBI AIF Regulations.

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