ESMA Q&A 2248 — Q&A — Size Thresholds for Self-Managed AIFs and UCITS [Answer Published]

Size Thresholds for Self-Managed AIFs and UCITS

Question

We have been discussing a number of queries submitted by the local industry regarding practical difficulties when applying the definitions of micro, small and medium-sized enterprises as per Article 3 points (60), (63) and (64) of the DORA Regulation to self-managed AIFs and UCITS. We would like to obtain further clarification on the correct and proportionate interpretation of “annual turnover”, “total assets” and “employees” in the context of self-managed AIFs and UCITS.

---

Answer

This question has been rejected because it seeks confirmation of a requirement already clearly set out in the regulation.

---

Source: ESMA original document