November 23, 2017

November 22, 2017

Subscribe to Latest Legal News and Analysis

November 21, 2017

Subscribe to Latest Legal News and Analysis

November 20, 2017

Subscribe to Latest Legal News and Analysis

ESMA Updates AIFMD and UCITS Q&As

On July 11, the European Securities and Markets Authority (ESMA) updated two question and answer documents (Q&A). The first related to the Alternative Investment Fund Managers Directive (AIFMD) and the second to the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).

The updated AIFMD Q&A contains new questions and answers relating to reporting requirements for:

  • loans purchased on the secondary market;
  • conversion of the total value of assets under management; and
  • currency of the net asset value.

The updated UCITS Q&A includes two new questions and answers on:

  • issuer concentration; and
  • group links, independence and cooling-off periods.

The AIFMD Q&A and UCITS Q&A are available here and here.

©2017 Katten Muchin Rosenman LLP

TRENDING LEGAL ANALYSIS


About this Author

Carolyn H. Jackson, International Attorney, Katten Muchin law firm
Partner

Carolyn Jackson is a partner in Katten Muchin Rosenman UK LLP and is a Registered Foreign Lawyer. She provides US financial regulatory legal advice to a broad range of market participants, including commercial banks, investment banks, investment managers, broker-dealers, electronic trading platforms, clearinghouses, trade associations and over-the-counter derivatives service providers.

Carolyn guides clients in the structuring and offering of complex securities, commodities and derivatives transactions and in complying with US securities and commodities laws...

+44 0 20 7776 7625
Neil Robson, private equity fund managers counselor, Katten Law Firm, London
Partner

Neil Robson, a regulatory and compliance partner with Katten Muchin Rosenman LLP, focuses his practice on counseling hedge and private equity fund managers and other investment advisers on operational, regulatory and compliance issues. He regularly addresses Financial Conduct Authority (FCA) and EU authorization and compliance under both the EU Alternative Investment Fund Managers Directive (AIFM Directive) and MiFID, cross-border issues in the financial services sector, market abuse, anti-money laundering and regulatory capital requirements, formations and buyouts of financial services groups, and structuring and marketing of investment funds. Neil is a frequent speaker at industry conferences regarding developments in UK financial services regulation, including the AIFM Directive, short selling and market abuse.

44-0-20-7776-7666