The European Securities and Markets Authority updated its periodically published Questions and Answers related to the Alternative Investment Fund Managers Directive. The revised Q&As relate to reporting obligations by non-AIFMs, including the calculation of the total value of assets under management. (Click here for additional information in the article “ESMA Updates Q&A on the AIFMD” in the July 24, 2015 edition of Corporate & Financial Weekly Digest by Katten Muchin Roseman LLP.) The AIFMD is an EU directive that was implemented in 2013 and regulates entities that manage or market alternative investment funds within the European Union.