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The extensive requirements with which AIFMs must comply are designed to ensure that these man-agers can manage AIFs on a cross-border basis and the AIFs that they manage can be sold on a cross-border basis.
The Q&A includes updated or new questions and answers on reporting, notification, additional own funds and scope. The purpose of this document is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures. It does this by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the AIFMD.
The content of this document is aimed at competent authorities under AIFMD to ensure that in their supervisory activities their actions are converging along the lines of the responses adopted by ESMA. However, the answers are also intended to help AIFMs by providing clarity as to the content of the AIFMD rules, rather than creating an extra layer of requirements.