The European Securities and Markets Authority (ESMA) has published a consultation paper outlining its draft technical advice to the European Commission on possible implementing measures of the Alternative Investment Fund Managers Directive. At 438 pages, ESMA has considered a number of issues including the definition of “assets under management”, the position of a depository and “third country” issues.

Further reading

ESMA consultation on AIFMD implementing measures

Nabarro briefings on the AIFMD