Financial institutions e-briefing: AIFMD report
Following its May consultation on the Alternative Investment Fund Managers Directive (AIFMD) reporting guidelines on 1 October, ESMA published its final report on the same containing the procedure on reporting obligations under articles 3(3)(d) and 24(1), (2) and (4) of AIFMD.
Under AIFMD, alternative investment fund managers (AIFMs) are broadly required to report to their home regulators on the principal markets and instruments in which they trade on behalf of the alternative investment funds (AIFs) they manage, as well as on their principal exposures and most important concentrations of each of the AIFs they manage.
The guidelines provide clarification on the information that AIFMs should report to home regulators, the timing of these reports and the procedures to be followed when AIFMs move from one reporting obligation to another. The reports are intended to enable the monitoring of the systemic risk of AIFs. The guidelines should also help to standardise the reporting across the EU and facilitate the exchange of information between home regulators, the ESMA and the European systemic risk board…
If you are registered and logged in to the site, click on the link below to read the rest of the Eversheds briefing. If not, please register or sign in with your details below.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
The EU Commission has imposed a fine of €20m on Marine Harvest for failing to notify the commission of its acquisition of de facto sole control over Morpol ASA.
The government has launched a consultation on stamp duty land tax rules for property authorised investment funds and co-ownership authorised contractual schemes.
Analysis from The Lawyer
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe