The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the application of the UCITS) and the AIFMD.
The Q&A documents include new questions and answers on:
UCITS investing in other UCITS with different investment policies;
Calculation of issuer concentration limits pursuant to Article 52 of the UCITS Directive;
Reuse of assets by a UCITS depositary under Article 22(7) of the UCITS Directive; and
The supervision of branches of UCITS Management Companies or AIFMs providing MiFID investment services.
The purpose of these Q&A documents is to promote common supervisory approaches and practices in the application of the UCITS Directive and AIFMD and their implementing measures.
Q&A on UCITS
Q&A on AIFMD
© ESMA
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