Updated ESMA Q & A

The "Questions and Answers" document (the "FAQ Document") of the European Securities and Markets Authority ("ESMA") in respect of Directive 2011/61/EU on alternative investment fund managers ("AIFMD") was updated on July 18th 2014.

The following topics have been newly included/updated:

Reporting to national competent authorities under articles 3, 24 and 42 of the AIFMD: an additional 14 questions have been added to this section of the FAQ Document, providing information on the practical content of the reporting documents which must be submitted by alternative investment fund managers (AIFMs) to their regulatory authority. The FAQ Document now provides a new section on the depositary regime. Questions regarding the scope, the extent of permitted...