Tag: ESMA

AIFMD: ESMA Updates Q&As

The European Securities & Markets Authority has updated its questions and answers on the application of the Alternative Investment Fund Managers Directive. The latest update includes 4 new questions:

The #AIFMD for non-EU Fund Managers: a brief update on the 3rd-country passport

Steven Maijoor, chair of the European Securities & Markets Authority (ESMA), has given a brief “update and next steps” report to the Economic and Monetary Affairs Committee of the European Parliament, about ESMA’s work on the AIFMD 3rd-country passport. After reviewing the relevant history, which is summarised in our earlier blogs (here, […]

The #AIFMD for non-EU Fund Managers: why it might soon be easier to market a Fund into the EU

At the moment, a non-EU PEVC fund manager (Fund Manager), managing a non-EU PEVC fund (Fund), can only market* that Fund in the EU if it complies with the National Private Placement Regime (NPPR) in every relevant EU country. That usually means: giving notice to, registering with, or securing the permission […]

ESMA publishes discussion paper on distributed ledger technology in the securities markets

The European Securities and Markets Authority (ESMA) has published a Discussion Paper on “The Distributed Ledger Technology Applied to Securities Markets“. In April 2015, ESMA published a call for evidence on investments using virtual currencies or distributed ledger technology. Having considered the responses, ESMA reached 2 conclusions: (a) “investments using virtual currencies as underlying [assets] remained marginal“; […]

ESMA publishes updated Q&As on the application of the AIFMD

The European Securities & Markets Authority has published its updated questions and answers on the application of the Alternative Investment Fund Managers Directive (AIFMD). The updated Q&As include 4 new questions:

Loan origination by alternative investment funds – ESMA’s opinion on next steps

The European Securities and Markets Authority (ESMA) has published an Opinion on the “Key principles for a European framework on loan origination by funds“.  The Opinion is addressed to the European Parliament, the Council and the Commission, and sets out ESMA’s “view on the necessary elements for a common European framework for loan […]

ESMA publishes updated Q&As on the application of the AIFMD

The European Securities & Markets Authority has published an updated set of Q&As about the Alternative Investment Fund Managers Directive.