On 28 May 2021, the European Securities and Markets Authority (ESMA) updated its opinion on the collection of information for the effective monitoring of systemic risk under Article 24(5), first sub-paragraph, of the Alternative Investment Fund Managers Directive (AIFMD). In the updated opinion ESMA provides additional information that Member State competent authorities could require alternative investment fund managers to report on a periodic basis. ESMA also provides further clarification on value-at-risk, new FX delta and net commodity delta in the section “Information on risk measures”.