ESMA publishes updated AIFMD and UCITS Q&A

11 July 2017

The European Securities and Markets Authority has published updated questions and answers documents on the application of the AIFMD and the UCITS.

The Alternative Investment Fund Managers Directive (AIFMD) Q&A includes 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 Undertakings for the Collective Investment in Transferable Securities Directive (UCITS) Q&A include two new questions and answers on:

• Issuer concentration; and
• Group links, independence and cooling-off periods.

The purpose of these Q&A documents is to promote common supervisory approaches and practices of both the AIFMD and the UCITS Directive and their implementing measures.

Press release

AIFMD_Q&A

UCITS_Q&A

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