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---
title: "ESMA Q&A 2248 — Q&A — Size Thresholds for Self-Managed AIFs and UCITS [Answer Published]"
shortTitle: "ESMA Q&A 2248 — Q&A — Size Thresholds for Self-Managed AIFs and UCITS [Answer Published]"
answer_id: ESMA_QA_2248
topic: "Digital operational resilience testing"
status: "Answer Published"
type: qa
instrument_type: qa
authority: ESMA
binding: false
binding_character: non_binding
legal_status: in_force
regulation: "DORA"
dora_level3: true
mica_level2: false
legal_basis: "Article 3 of the DORA Regulation points (60), (63) and (64)"
date: 12 August 2024
source_link: https://www.esma.europa.eu/publications-data/questions-answers/2248
lifecycle: "Answer Published"
text_version: "ESMA Q&A register, 12 August 2024"
source_url: "https://www.esma.europa.eu/publications-data/questions-answers/2248"
check_status: matched
verified: true
last_checked: 2026-10-26
checked_against: "the ESMA publication"
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  published_by: "ESMA"
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  evidence:
    prepared_by: "ESMA Answer"
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document_type: "qa_answer"
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dates:
  published_on: "2024-08-12"
  question_submitted_on: "2024-08-12"
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    published_on: "ESMA Q&A Excel export ESMA_QA_2248, column 'Esma responses', date line"
    question_submitted_on: "ESMA Q&A Excel export ESMA_QA_2248, column 'Date of submission'"
lifecycle_label: "Answer Published"
---

**Answer by ESMA, published in its Q&A tool · not legislation · published 12 Aug 2024 [Answer Published]**

*Answer Published · ESMA Q&A register, 12 August 2024 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/2248)*

| | |
|---|---|
| **Full title** | ESMA Q&A 2248 — Q&A — Size Thresholds for Self-Managed AIFs and UCITS \[Answer Published\] |
| **Prepared by** | ESMA |
| **Published by** | ESMA, in the ESMA Q&A tool |
| **Reference** | ESMA_QA_2248 |
| **Document type** | Q&A |
| **Legal nature** | Not legislation |
| **Addressees** | Not stated in the document |
| **Dates** | Published 12 August 2024; question submitted 12 August 2024 |
| **Legal basis** | Article 3 of the DORA Regulation points (60), (63) and (64) |
| **Related instruments** | None recorded |
| **Text on this page** | Word for word — the full text of the ESMA publication |

**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](https://www.esma.europa.eu/publications-data/questions-answers/2248)

## Related Level 1 articles

- [Article 3 — Definitions](../../../articles/3.md)