The European Securities and Markets Authority (ESMA) has published updated questions and answers documents (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).
The AIFMD Q&A includes three new questions and answers on the reporting requirements for:
- Loans purchased on the secondary market;
- Conversion of the total value of assets under management;
- Currency of the net asset value.
- The UCITS Q&
A include two new questions and answers on:
- Issuer concentration;
- Group links, independence and cooling-off periods.
The purpose of these Q&A documents is to promote common supervisory approaches and practices of both the AIFMD and the UCITS Directive and their implementing measures.
The ESMA statement is available here.