ESMA_QA_2966
Topic
Remuneration
04/11/2026
Subject Matter
remuneration rules and accounting period
Question
To which accounting period should AIFMs not performing activities under the AIFMD before 22 July 2013 and obtaining an authorisation under the AIFMD after 22 July 2013 apply the remuneration rules for the first time?
Level 1 Regulation
Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU
ESMA_QA_2965
Topic
Remuneration
04/11/2026
Subject Matter
Remuneration rules and accounting period
Question
To which accounting period should AIFMs performing activities under the AIFMD before 22 July 2013 and submitting an application for authorisation under the AIFMD between 22 July 2013 and 22 July 2014 apply the AIFMD remuneration rules for the first time?
Level 1 Regulation
Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU
ESMA_QA_2952
Topic
Position reporting
20/10/2026
Subject Matter
Position Reporting
Question
Where a position holder trades only or partly for hedging purposes, are there circumstances where all positions can be reported as being for non-hedging purposes?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_2950
Topic
Information to clients on topics other than costs and charges
16/10/2026
Subject Matter
Crowdfunding service providers that charge registration, membership, or other access fees ("investment club" crowdfunding platforms)
Question
How does the ECSPR apply to crowdfunding service providers that charge registration, membership, or other access fees?
Level 1 Regulation
Regulation 2020/1503 - European crowdfunding service providers for business
ESMA_QA_2938
Topic
EU-CCPs
08/10/2026
Subject Matter
AAR representativeness obligation
Question
For the purpose of the AAR representativeness obligation, how should the maturity of trades be calculated, and how should the instruments be assigned to the individual maturity buckets?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs