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Frequently asked questions / Q&A AIFM Directive

The AFM hopes this Q&A of standard questions and answers will answer frequently asked questions. The AFM stresses that many regulations are still under development and therefore the Q&A is only preliminary in nature.

Q&A AIFM

If further elaborations/interpretations are provided from the European Commission, ESMA or the Ministry of Finance, this may lead to the adjustment of answers given in the Q&A. Advanced or changed views of the AFM, for example as a result of practical experience or consultations with other regulatory authorities, may also lead to an adjustment of the Q&A at any time.

-> Q&A AIFM

The AFM further emphasises that the Q&A questions and answers are couched in general terms and seek to provide information and guidance in a general sense only. The questions and answers do not provide guidance for specific situations and do not detract from the legal duties and responsibilities of those involved. Where the answers given are a form of interpretation of rules of a principle-based nature, this does not preclude compliance with those rules by other means.

If you feel that answers given should be modified or supplemented, please email your questions or comments to aifmd@afm.nl. It is possible that (frequently asked) questions or comments will lead to a modification of the Q&A.

No rights can be derived from the Q&A.

Q&A ESMA about AIFMD

ESMA has published several Q&As answering frequently asked questions touching on the AIFM Directive. ESMA’s Q&A aims to ensure harmonised interpretation of the AIFM Directive by regulatory authorities in different Member States.

-> Q&A ESMA about AIFMD

Q&A ESMA about VC and SEF regulations

ESMA has also published a Q&A answering some frequently asked questions on the application of the VC and SEF regulations. ESMA’s Q&A aims to ensure harmonised interpretation of these regulations by regulatory authorities in different member states

-> Q&A ESMA about VC and SEF regulations

Q&A European Commission about SFDR

The Sustainable Finance Disclosure Reconciliation (SFDR) also applies to AIFM managers and managers falling under the AIFMD registration regime. The European Commission provides clarification on the application of the SFDR with answers to frequently asked questions.

-> Q&A EC about SFDR

-> Also see our explanation of SFDR