On 13 October 2015, the European Securities and Markets Authority (ESMA) published a statement by Steven Maijoor, ESMA Chair, to the Economic and Monetary Affairs Committee (ECON) of the European Parliament on ESMA's ongoing work on the extension of the passport under the Alternative Investment Fund Managers Directive (AIFMD) to non-EU alternative investment fund managers (AIFMs). ESMA will be working to complete its assessment of Hong Kong, Singapore and USA with a view to reaching a definitive conclusion on whether to extend the passport, begin to assess a second group of non-EU jurisdictions: Australia, Canada, Japan, the Cayman Islands, the Isle of Man and Bermuda and establish the framework which will be required if the passport is extended to one or more non-EU countries. This will involve preparing for ESMA's role in the functioning of the passporting system and strengthening supervisory co-operation.