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ARTICLE · 19 MARCH 2014

ESMA Q&A Targets Common Supervisory Approach To AIFM Application

Chevalier & Sciales
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The European Securities and Markets Authority has published on February 17 a Question and Answers document on the Alternative Investment Fund Managers Directive

LuxembourgFinance and Banking
Olivier Sciales
Olivier Sciales
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The European Securities and Markets Authority has published on February 17 a Question and Answers document on the Alternative Investment Fund Managers Directive, with the aim of promoting common supervisory approaches and practices in the application of the AIFMD and its implementing measures.

ESMA says the Q&A document has been compiled to offer responses to questions from the general public and national regulators regarding the practical application of the directive. Although primarily intended to ensure that regulators' supervisory activities are in line with the authority's guidance, the answers are also intended to help alternative fund managers by providing clarity about the AIFMD rules, rather than creating an extra layer of requirements.

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