ESMA updated question and answer (Q&A) documents on the application of the Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive and the Alternative Investment Fund Managers Directive (AIFMD). 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.
The updates include new Q&As related to the following:
- 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
- The supervision of branches of UCITS Management Companies or AIFMs providing Markets in Financial Instruments Directive (MiFID) investment services
Keywords: Europe, EU, Securities, UCITS, AIFMD, Q&A, ESMA
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