ESMA updates UCITS and AIFMD Q&As

23 July 2018

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


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