ESMA_QA_2363
Topic
ELTIF
06/12/2024
Subject Matter
Life-Cycle of ELTIFS
Question
Can Member States introduce limitations on the life and/or the life-cycles of ELTIFs under Regulation (EU) 2015/760, as revised, by imposing for instance a mandatory cap on the maximum life of ELTIFs?
Level 1 Regulation
European Long-Term Investment Funds Regulation (ELTIF) Regulation (EU) 2015/760
ESMA_QA_2356
Topic
Other DORA topics
03/12/2024
Subject Matter
Application of DORA to AIFMs which have chosen to opt-in to the application of the AIFMD but whose asset under managment is below the thresholds as provided for by Article 3(2) of AIFMD
Question
Are sub-threshold alternative investment fund managers (AIFMs) as referred to in Article 3(2) of Directive 2011/61/EU (“AIFMD”), which have chosen to opt-in to the application of the AIFMD according to Article 3(4) of that Directive, captured within the scope of application of Regulation (EU) 2022/2554 (“DORA”) under Articles 2(1)(k) and 2(3)(a) of DORA, if the thresholds regarding assets under management (“AuM”) referred to under Article 3(2) of AIFMD are not exceeded by such AIFM?
Level 1 Regulation
Regulation (EU) 2022/2554 - The Digital Operational Resilience Act (DORA)
ESMA_QA_2354
Topic
Climate Benchmarks
29/11/2024
Subject Matter
PAB Exclusions for 'gaseous fuels'
Question
What is the scope of the exclusion applicable to gaseous fuels under Article 12(1)(f) of the Delegated Regulation (EU) 2020/1818? For instance, does the exclusion apply to biogas or hydrogen activities?
Level 1 Regulation
Benchmarks Regulation (BMR) - Regulation 2016/1011
ESMA_QA_2349
Topic
Crypto-Asset Service Provider (CASP)
26/11/2024
Subject Matter
Calculation of fixed overheads
Question
In Article 67, Paragraph 1, crypto asset providers shall at all time have prudential safeguards as the highest of the following;

- the amount of permanent minimum capital requirements indicated in Annex IV
- one quarter of the fixed overheads of the preceding year, reviewed annually

In Paragraph 3, the method to calculate the prudential requirement of one quarter of the fixed overheads of the preceding year, reviewed annually is stated as;

"Crypto-asset service providers shall calculate their fixed overheads for the preceding year, using figures resulting from the applicable accounting framework, by subtracting the following items from the total expenses after distribution of profits to shareholders or members."

When defining "total expenses" in the quoted sentence from Paragraph 3, does it in fact mean the total costs (fixed and variable overheads) after distribution of profits in the income statement for the preceding year, or is it meant to be the total fixed overheads after distribution of profits?
Level 1 Regulation
MiCA
ESMA_QA_2342
Topic
Crypto-Asset Service Provider (CASP)
25/11/2024
Subject Matter
Possibility of natural persons and trusts / trustees to be authorised as CASPs
Question
Can natural persons (self-employed individuals) and trusts/trustees be considered as „other undertakings“ for the purpose of authorisation as a CASP?
Level 1 Regulation
MiCA