ESMA updates AIFMD FAQs: ESMA has published an update to its FAQs on the Alternative Investment Fund Managers Directive (AIFMD). The new questions cover:

  • reporting templates; and
  • passporting notifications (ESMA confirms Member States should accept passporting notifications for the investment services included within the AIFMD before the technical deadlines of 3 July 2015 set by the revised Markets in Financial Instruments Directive (MiFID 2)).

(Source: ESMA updates AIFMD FAQs)

ESMA publishes MiFID 2 guide for retail: ESMA has published a guide for retail investors explaining the enhanced protections that MiFID 2 and the Markets in Financial Instruments Regulation (MiFIR) offer. It highlights the changes to the rules on:

  • inducements;
  • investment advice;
  • product governance;
  • client assets;
  • product intervention;
  • pre-contractual information;
  • information on costs and charges;
  • greater price transparency; and
  • extension of scope to structured deposits.

(Source: ESMA Publishes MiFID 2 Guide for Retail)