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ARTICLE · 15 JULY 2014

AIFMD – Updated ESMA Q&A

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ESMA published on February 2nd 2014 an FAQ Document on the practical application of the Directive 2011/61/EU on alternative investment fund managers.

European UnionFinance and Banking
Bonn Steichen & Partners
Bonn Steichen & Partners

The European Securities and Markets Authority ("ESMA") published on February 2nd 2014 a "Questions and Answers" document ("FAQ Document") on the practical application of the Directive 2011/61/EU on alternative investment fund managers ("AIFMD"). See our newsletter of March 2014.

The aim of the FAQ Document is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures by providing answers to questions posed by the general public and competent authorities.

On March 25th and June 27th 2014 ESMA updated the FAQ Document. The main amendments in March relate to the reporting requirements under article 24 of the AIFMD. ESMA has provided clarifications relating to among others:

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