05 December 2016


Retired Member

2,015Posts 6,620,772Views 2,334Comments
Finextra community

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

ESMA publishes document on application of AIFM Directive

04 March 2014  |  1357 views  |  0

The European Securities and Markets Authority (ESMA) has published a questions and answers (Q&As) document on the AIFM Directive to promote common supervisory approaches and practices in the application of the AIFM Directive and its implementing measures by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the AIFM Directive.

The Alternative Investment Fund Managers Directive (the AIFM Directive) puts in place a comprehensive framework for the regulation of alternative investment fund managers (AIFMs) within Europe. The requirements are designed to ensure that AIFMs can manage AIFs on a cross-border basis and the AIFs that they manage can be sold on a cross-border basis.

The content of the Q&A document is aimed at national competent authorities to ensure that their supervisory activities are convergent with the responses adopted by ESMA. The answers are also intended to help AIFMs by providing clarity as to the content of the AIFM Directive rules, rather than creating an extra layer of requirements.

The questions and answers are as follows:
Question 1: first application of the remuneration rules;
Question 2: remuneration rules in case of delegation of portfolio management or risk management activities;
Question 3: annex IV of the AIFMD;
Question 4: notifications of AIF's;
Question 5: reporting under Article 42 of the AIFMD for non-EU AIFMs.

ESMA will review the Q&As on a regular basis to identify if, in a certain area, there is a need to convert some of the material into ESMA guidelines.

Related link:

Comments: (0)

Comment on this story (membership required)

Latest posts from Retired

An industry matured: highlights from Mobey Day 2016

18 October 2016  |  944 views  |  0 comments | recomends Recommends 0 TagsRetail bankingInnovation

Reorganising for the Age of Collaboration

27 September 2016  |  2521 views  |  0 comments | recomends Recommends 0

Fintech innovation in the B2B space has only just begun

12 September 2016  |  13620 views  |  1 comments | recomends Recommends 0 TagsPaymentsInnovation

Protecting Data with DLP

23 August 2016  |  5330 views  |  0 comments | recomends Recommends 0 TagsSecurityBrexit

How to end what ails online commerce

22 August 2016  |  4765 views  |  1 comments | recomends Recommends 0 TagsPaymentsTransaction banking

Retired's profile

job title
member since 2014
Summary profile See full profile »

Retired's expertise

What Retired reads
Retired writes about

Who's commenting on Retired's posts

Alex Aleksandrovski
Ketharaman Swaminathan
João Bohner
Steven Hatton
Graham Seel
Nikhil Thadani
Gerard Hergenroeder
Konstantin Rabin
Matt Schofield
Anna Robert
Ian Davis