Who does AIFMD apply?

The Alternative Investment Fund Managers Directive (AIFMD) is a regulatory framework that applies to EU-registered hedge funds, private equity funds, and real estate investment funds.

What are AIFMD services?

An AIFM is defined as an entity that provides, at a minimum, portfolio management and risk management services to one or more AIFs as its regular business irrespective of where the AIFs are located or what legal form the AIFM takes.

When did Esma issue final guidelines on AIFMD?

On October 1, 2013, the ESMA issued its final guidelines on the comprehensive regulatory reporting required under AIFMD. This will require AIFMs to report on a wide variety of areas, including investment profile, portfolio concentrations, and the risk profile of their alternative investment funds (AIFs).

What are the guidelines on key concepts of the AIFMD?

The CP set out formal proposals for guidelines ensuring common, uniform and consistent application of the concepts in the definition of ‘AIF’ in Article 4 (1) (a) of the AIFMD by providing clarification on each of these concepts. This final report sets out the final text of the guidelines on key concepts of the AIFMD.

Do you have to report feeder AIFS to Esma?

Non-EU masters should not have to adhere to the reporting requirement if the feeder AIFs marketed in the EU do not have the same AIFM as the non-EU master, according to the ESMA opinion. In addition, ESMA has helpfully confirmed that AIFMs are not required to look through the holdings of the master AIFs when reporting on feeder AIFs.

What is the ESMA annual work program for 2021?

ESMA has recently issued its Annual Work Program for 2021 taking an active role in building a common supervisory culture among NCAs to promote sound, efficient, and consistent supervision throughout the European Union. Q&As and opinions on EMIR Refit/MiFIR/SFTR/AIFMD data requirements.