EUROPE: ESMA publishes Q and A on application of the AIFMD

Monday February 17 2014

The European Securities and Markets Authority (ESMA) has published Question and Answers (Q&As) on the Alternative Investment Fund Managers Directive (AIFMD). The purpose of the 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 content of the document is aimed at competent authorities under AIFMD to ensure that in their supervisory activities their actions are converging along the lines of the responses adopted by ESMA. However, the answers are also intended to help AIFMs by providing clarity as to the content of the AIFMD rules, rather than creating an extra layer of requirements.

Click on the above link for the ESMA Q and A.