ESMA_QA_2966
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Q&A published (AIFMD, remuneration): the financial year from which AIFMs that were not operating before 22 July 2013 and were authorised afterwards must first apply the remuneration rules.
Who is affected
Alternative investment fund managers (AIFMs).
Plain-language version
ESMA, the EU watchdog for stock markets and investment products, has answered a technical question for managers of alternative funds, those investing in things like private equity or property. It explains from which financial year the pay rules for their staff apply to managers that were not operating before 22 July 2013 and were authorised later.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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