The European Securities and Markets Authority (ESMA) has updated its questions and answers paper (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD).

Questions 2 to 18, which concern reporting to national competent authorities under articles 3, 24 and 42 of the AIFMD, have been added.

The aim of the Q&A is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures. The answers are designed to inform alternative investment fund managers (AIFMs) in how they should apply the AIFM rules to their own practices.

View Questions and answers: application of the AIFMD, 25 March 2014