ESMA updates AIFMD Q&A

On 2 December 2015, the European Securities in Markets Authority published an update of their Q&A on the Alternative Investment Fund Managers Directive (“AIFMD”). Due to AIFMD’s comprehensive regulatory framework and extensive requirements the cross border management of AIFs can sometimes prove complicated and complex for managers.

The purpose of the updated Q&A is to promote common supervisory approaches and practices in its application and hence be of assistance to managers and investment firms. The aim is to provide further clarity as to the content of AIFMD, rather than create an extra layer of rules and requirements. This is done through providing practical responses to questions which have been posed by the general public and a number of competent authorities in relation to the application of the AIFMD.

To view the updated version of the Q&A please follow this link.

If you wish to submit a question in regards to the Q&A and the practical application of the AIFMD please email: investment.reporting@esma.europa.eu.

Should you require any further advice or information on AIFMD, Cleveland & Co, your external in-house counsel, are here to help.