Jul232018

ESMA updates UCITS and AIFMD Q&As

EU
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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.

ESMA will periodically review these Q&A documents and update them where required.