EUROPE: ESMA publish updated AIFMD Q &amp A

Wednesday October 1 2014

The European Securities and Markets Authority (ESMA) have published an updated version of their Questions and Answers regarding the Alternative Investment Fund Managers Directive (AIFMD).

The purpose of this document is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures. It does this by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the AIFMD.

The Q&A mechanism is a practical convergence tool used to promote common supervisory approaches and practices under Article 29(2) of the ESMA Regulation.

The latest edition of the Q & A includes additional questions in the following sections;

• Reporting to national competent authorities under Articles 3, 24 and 42
• Delegation

Click on the above link for further details.