ESMA Issues New Updates To AIFMD Q&A

The European Securities and Markets Authority has issued a fresh update on May 12 to its Questions and Answers document containing guidance and interpretation of the EU's Alternative Investment Fund Managers Directive as well as the European Commission's delegated regulation on implementation of the directive issued in December 2012 and May 2013.

ESMA says the Q&A document, first issued in February 2014 and since updated seven times, is designed to promote common supervisory approaches and practices in the practical application of the AIFMD and its implementing measures through responses to questions posed by the general public and regulators themselves. It complements a Q&A document on the AIFMD published by the European Commission.