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ESMA Updates AIFMD and UCITS Q&As

ESMA Updates AIFMD and UCITS Q&As
Monday, July 17, 2017

On July 11, the European Securities and Markets Authority (ESMA) updated two question and answer documents (Q&A). The first related to the Alternative Investment Fund Managers Directive (AIFMD) and the second to the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).

The updated AIFMD Q&A contains new questions and answers relating to reporting requirements for:

  • loans purchased on the secondary market;
  • conversion of the total value of assets under management; and
  • currency of the net asset value.

The updated UCITS Q&A includes two new questions and answers on:

  • issuer concentration; and
  • group links, independence and cooling-off periods.

The AIFMD Q&A and UCITS Q&A are available here and here.

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