Earlier, AIFs were required to submit detailed activity reports to SEBI on a quarterly basis within 15 days of the end of each quarter through formats hosted by the Indian Venture and Alternate Capital Association (IVCA). Under the revised system, they must submit a comprehensive Annual Activity Report through the SEBI Intermediary Portal within 30 days from the end of each financial year. Also, a limited Quarterly Activity Report will be required within 15 days of the end of each quarter.