ESMA published an updated version of its Q&A paper on the application of the AIFMD. The new Q&As are grouped under the following headings:

  • Reporting to national competent authorities under Articles 3, 24 and 42.
  • Depositaries.
  • Calculation of leverage.

The Q&A concern the practical application of the AIFMD and deal with the fine detail of the AIFMD requirements. The aim of the Q&A is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures. The answers are also intended to help AIFMs by providing clarity on the content of the AIFMD rules. Helpfully, the date each question was last amended is included after each question for ease of reference.