The European Securities and Markets Authority (ESMA) has published updated questions and answers documents (Q&As) on the application of the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).

The AIFMD Q&As include three new questions and answers on the 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 UCITS Q&As include two new questions and answers on:

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

Read the AIFMD Q&A.  

Read the UCITS Q&A