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ARTICLE · 11 OCTOBER 2017

ESMA Issues New Updates To UCITS And AIFMD Q&As

Chevalier & Sciales
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ESMA says the Q&A documents aim to promote common supervisory approaches and practices in the practical application of the various UCITS directives and the AIFMD through responses to questions posed by industry members and regulators themselves.

European UnionFinance and Banking
Olivier Sciales
Olivier Sciales
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The European Securities and Markets Authority has issued fresh updates on October 5 to its Questions and Answers documents containing guidance on and interpretation of the EU's Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers Directive (AIFMD) regimes.

ESMA says the Q&A documents aim to promote common supervisory approaches and practices in the practical application of the various UCITS directives and the AIFMD through responses to questions posed by industry members and regulators themselves.

Reporting on securities financing transactions and total return swaps

The UCITS Q&A deals with areas including master-feeder structures, investment restrictions, UCITS Key Investor Information Documents, guidelines on exchange-traded funds, exchange of information between regulators, risk measurement and OTC derivatives. The latest update concerns periodic reporting by UCITS and AIFs to investors on the use

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