EUROPE: ESMA publish guidelines on reporting obligations under the AIFMD

Friday August 8 2014

The European Securities and Markets Authority (ESMA) have published guidelines on reporting obligations under Articles 3(3)(d) and 24(1), (2) and (4) of the Alternative Investment Fund Managers Directive (AIFMD).

These guidelines apply to competent authorities from 2 months after publication of translations.

The purpose of these guidelines is to ensure common, uniform and consistent application of the reporting obligations to national competent authorities (NCAs) stemming from Articles 3(3)(d) and 24(1),(2) and (4) of the AIFMD and Article 110 of the Regulation. These guidelines achieve this goal by providing clarifications on the information that alternative investment fund managers (AIFMs) must report to NCAs, the timing pf such reporting together with the procedures to be followed when the AIFMs move from one reporting obligation to another.

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