Consultation on Guidelines on key concepts of the AIFMD

Consultation on Guidelines on key concepts of the AIFMD

from 19 December 2012 to 01 February 2013

Details

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).

1 RELATED DOCUMENTS
Document available for this Consultation
DateReferenceTitleDocument
19/12/20122012/845Guidelines on key concepts of the AIFMD

Responses

Operations
Activity Institution Download
De Brauw Blackstone Westbroek N.V.
National Association of Real Estate Investment Trusts
European Property Federation
Asset Management KBC Asset Management
Asset Management Assogestioni - Italian Investment Management Association
Asset Management Amundi
Asset Management AFG
Asset Management BVI Bundesverband Investment und Asset Management
Asset Management ETF Securities Limited
Asset Management natixis asset management
Asset Management AIMA
Asset Management EFAMA
Asset Management Association of Real Estate Funds (AREF)
Asset Management VGF
Asset Management ALFI
Asset Management Swedish Investment Fund Association
Asset Management Investment Management Association
Banking Deutsche Bank
Banking German Banking Industry Committee
Issuers alstria office REIT-AG
Legal and Accountancy Studio Capolino-Perlingieri & Leone
Legal and Accountancy CLLS
Others ISDA - ICMA - AFME
Others Bundesarbeitskammer Österreich (Federal Chamber of Labour, Austria)
bak-pdf.pdf (145.69 KB)
Others Investment Property Forum
Others EVCA - European Private Equity and Venture Capital Association
Others Istituto Italiano di Valutazione Immobiliare - IsIVI
Others IFIA
Others Aztec Group
Others European Public Real Estate Association (EPRA)
Others ZIA Zentraler Immobilien Ausschuss e.V.
Others Association of Dutch Stock Listed REITs
Insurance, pension & asset management INREV
Government regulatory & enforcement Financial Supervision Commission of the Isle of Man