On February 17, the European Securities and Markets Authority
(ESMA) published a questions and answers paper (Q&A) on the
application of the Alternative Investment Fund Managers Directive
(2011/61/EU) (AIFM Directive or AIFMD) (2014/ESMA/163).
The aim of the Q&A is to promote common supervisory
approaches and practices in the application of the AIFMD and its
implementing measures. The answers are also intended to help
alternative investment fund managers (AIFMs) by providing clarity
as to the content of the AIFMD rules. The questions relate to the
following matters: first application of the remuneration rules,
remuneration rules in the case of delegation of portfolio
management or risk management activities, annex IV of the AIFMD,
notification of alternative investment funds (AIFs) and reporting
under Article 42 of the AIFMD. Q&A.
