Consultation on Guidelines on key concepts of the AIFMD

19/12/2012 to 01/02/2013

On 23 February 2012, ESMA published a discussion paper on key concepts of the Alternative Investment Fund Managers Directive and types of AIFM (ESMA/2012/117) which covered a number of topics relevant inter alia for the development of the draft regulatory technical standards (RTS) that ESMA shall develop under Article 4(4) of the AIFMD. A separate consultation paper on draft RTS on types of AIFMs (ESMA/2012/844) sets out formal proposals for the draft RTS. This consultation paper follows up on some of the other topics covered by the discussion paper published last February which are not covered by the consultation on draft RTS on types of AIFMs and which ESMA considers essential to a common understanding of the entities captured by the AIFMD and a consistent application of its provisions throughout Europe. For this reason, this paper sets 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. For the residual topics covered by the discussion paper published last February which are neither covered in the consultation paper on draft RTS on types of AIFMs (ESMA/2012/844) nor in this consultation paper, ESMA will consider at a later stage, also in the light of the final AIFMD Level 2 text, whether any of them may merit the development of further guidelines or other convergence tools (e.g. Q&A).

Documents

Reference Date Type Title Download More Info
2012/845 19/12/2012 Consultation paper Guidelines on key concepts of the AIFMD View > See more

Responses

Activity Institution Download
De Brauw Blackstone Westbroek N.V. ViewView

European Property Federation
National Association of Real Estate Investment Trusts View
Asset Management AFG View
Asset Management AIMA View
Asset Management ALFI View
Asset Management Amundi View
Asset Management Association of Real Estate Funds (AREF) View
Asset Management Assogestioni - Italian Investment Management Association View
Asset Management BVI Bundesverband Investment und Asset Management View
Asset Management EFAMA View
Asset Management ETF Securities Limited View
Asset Management Investment Management Association ViewView

Asset Management KBC Asset Management View
Asset Management natixis asset management View
Asset Management Swedish Investment Fund Association View
Asset Management VGF View
Banking Deutsche Bank View
Banking German Banking Industry Committee View
Government regulatory & enforcement Financial Supervision Commission of the Isle of Man View
Insurance, pension & asset management INREV View
Issuers alstria office REIT-AG View
Legal and Accountancy CLLS View
Legal and Accountancy Studio Capolino-Perlingieri & Leone View
Others Association of Dutch Stock Listed REITs View
Others Aztec Group View
Others Bundesarbeitskammer Österreich (Federal Chamber of Labour, Austria) View
Others European Public Real Estate Association (EPRA) View
Others EVCA - European Private Equity and Venture Capital Association View
Others IFIA View
Others Investment Property Forum View
Others ISDA - ICMA - AFME View
Others Istituto Italiano di Valutazione Immobiliare - IsIVI View
Others ZIA Zentraler Immobilien Ausschuss e.V. View