On 15 June 2016, the Securities and Exchange Board of India (SEBI) issued a consultation paper inviting comments on continuous financial disclosures and other continuous disclosures to be made by Infrastructure Investment Trusts (InvITs) that are registered under the SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT regulations). SEBI’s consultation paper includes the proposals of the committee constituted by SEBI (comprising representatives from the real estate and infrastructure industry, stock exchanges, investment banks, audit firms and law firms) to evaluate the disclosure obligations under the InvIT regulations and accounting norms for InvITs.

 

SEBI’s consultation paper has proposals under the following three areas:

Part A – Continuous financial disclosures

Part B – Other continuous disclosures

Part C – Framework for the calculation of Net Distributable Cash Flows.

 

This issue of IFRS Notes aims to provide an overview of the SEBI consultation paper

To access the text of the SEBI consultation paper, please click here.