The European Securities and Markets Authority (ESMA) has issued its final report containing technical advice on the possible content of the delegated act required by Article 67(5) of the Alternative Investment Fund Managers Directive (AIFMD) concerning the information EU competent authorities have to provide to ESMA on a quarterly basis.
In particular, section III of the final report sets out the timing for the provision of the information and lists the information that Member State competent authorities should provide quarterly to ESMA. The list of information is divided into three parts: the first refers to the information about the functioning of the passport for EU alternative investment fund managers (AIFMs). The second deals with the functioning of the national private placement regime for non-EU alternative investment funds and non-EU AIFMs. The third refers to the issues arising from the functioning of both systems.
ESMA will now cooperate with the European Commission in order to facilitate an expeditious adoption of the delegated act required by article 67(5) of the AIFMD.