ESMA updates AIFMD and UCITS Q&As
ESMA Guidelines and Recommendations
Date:
06 October 2017
On 5th October 2017, the European Securities and Markets Authority (ESMA) published updated questions and answers documents (Q&A) on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS) and the Alternative Investment Fund Managers Directive (AIFMD).
The UCITS Q&A includes one new question and answer on:
- Periodic reporting under Article 13 of SFTR for UCITS and AIFs to investors on the use of SFTs and total return swaps.
The AIFMD Q&A includes three new questions and answers on:
- Application of remuneration disclosure requirements to staff of the delegate of an AIFM to whom portfolio management or risk management activities have been delegated;
- Manner of disclosure of AIFM delegates’ staff remuneration in Annual Reports; and
- Periodic reporting under Article 13 of SFTR for UCITS and AIFs to investors on the use of SFTs and total return swaps.
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.