ESMA publishes new Q&A on the application of the AIFMD

By Adrian Brown and Sam Robinson

On 17 February 2014, the European Securities and Markets Authority (ESMA) published a question and answer (Q&A) paper on the application of the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD).

The purpose of the Q&A is to promote common supervisory approaches in the application of the AIFMD and provide clarity (a concept we are familiar with here at Nabarro) as to the content of the AIFMD rules to alternative investment funds (AIFs) and alternative investment fund managers (AIFMs)…

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