EUROPEAN UNION: ESMA updates AIFMD Q&A

Thursday October 6 2016

The European Securities and Markets Authority (ESMA) has published an updated Questions & Answers document on the application of the Alternative Investment Fund Managers Directive (AIFMD).

Article 13 of Regulation (EU) 2015/2365 on transparency of securities financing transactions requires UCITS management companies, UCITS investment companies, and AIFMs to provide information to investors on the use made of SFTs and total return swaps in the annual report of each UCITS/AIF under management, as well as in each half-yearly report for UCITS.

Article 13 applies from 13 January 2017 and ESMA has clarified that the required information should be included in the next annual or half-yearly report to be published after 13 January 2017, which may relate to a reporting period beginning before that date.

Click on the above link to access the Q&A.