On October 1, the European Securities and Markets Authority (ESMA) published guidelines on reporting obligations under Articles 3 and 24 of the Alternative Investment Fund Managers Directive (AIFMD) in Annex II of its final report. The aim of the guidelines is to provide clarification on:
- the information that alternative investment fund managers (AIFMs) should report to national competent authorities (NCAs);
- the timing of the reports; and
- the procedures to be followed when AIFMs move from one reporting obligation to another.
Following translation of the guidelines into the official languages of the EU, a two-month notification period will be triggered during which NCAs must notify ESMA whether they comply, or intend to comply, with the guidelines. Final Report.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
