{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2024-10-22","gaps":[],"covered":["ESMA Q&A 2310 — Q&A — Application of DORA to non-EU AIFMs of AIFs with EU [Question Rejected] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the ESMA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/dora/level-3/q-and-a/esma/esma-qa-2310-application-of-dora-to-non-eu-aifms-of-aifs-with-eu","url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2310-application-of-dora-to-non-eu-aifms-of-aifs-with-eu","title":"ESMA Q&A 2310 — Q&A — Application of DORA to non-EU AIFMs of AIFs with EU [Question Rejected]","family":"l3","work_id":"spaces/dora/level-3/q-and-a/esma/esma-qa-2310-application-of-dora-to-non-eu-aifms-of-aifs-with-eu","status":"question rejected","force_status":null,"date_state":"current","requested_date":null,"as_of":"2026-11-02","applies_from":null,"application":null,"version_label":"ESMA Q&A register, 22 October 2024","check":{"against":"the ESMA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.esma.europa.eu/publications-data/questions-answers/2310","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"0a39ea4b6c99e1ca","change_date":null,"nearest_versions":["2024-10-22"],"first_text_date":null,"correction_applies":false,"versions":["2024-10-22"],"version_url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2310-application-of-dora-to-non-eu-aifms-of-aifs-with-eu/versions/2024-10-22","revision_url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2310-application-of-dora-to-non-eu-aifms-of-aifs-with-eu/versions/2024-10-22/rev/0a39ea4b6c99e1ca","versions_url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2310-application-of-dora-to-non-eu-aifms-of-aifs-with-eu/versions","relations_url":"https://www.headlesslaw.com/dora/level-3/q-and-a/esma/esma-qa-2310-application-of-dora-to-non-eu-aifms-of-aifs-with-eu/relations","source_line":"Question published in the ESMA Q&A tool · no answer · not legislation [Question Rejected]","attribution":{"prepared_by":"not stated in the document","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_question","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"question_submitted_on":"2024-10-22","locators":{"question_submitted_on":"ESMA Q&A Excel export ESMA_QA_2310, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/2310","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/dora/level-3/q-and-a/esma/esma-qa-2310-application-of-dora-to-non-eu-aifms-of-aifs-with-eu.md","body_sha256":"bf049c38a106500840749c7a23655f915d335bb52c69fdc81191bdb3481d4300"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 2310 — Q&A — Application of DORA to non-EU AIFMs of AIFs with EU [Question Rejected]\"\nshortTitle: \"ESMA Q&A 2310 — Q&A — Application of DORA to non-EU AIFMs of AIFs with EU [Question Rejected]\"\nanswer_id: ESMA_QA_2310\ntopic: \"Digital operational resilience testing\"\nstatus: \"Question Rejected\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: withdrawn\nregulation: \"DORA\"\ndora_level3: true\nmica_level2: false\nlegal_basis: \"DORA\"\ndate: 22 October 2024\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/2310\nlifecycle: \"Question Rejected\"\ntext_version: \"ESMA Q&A register, 22 October 2024\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/2310\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"not stated in the document\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA_QA_2310\"\n    locator: \"ESMA Q&A entry ESMA_QA_2310: no answer; no author named\"\ndocument_type: \"qa_question\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  question_submitted_on: \"2024-10-22\"\n  locators:\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_2310, column 'Date of submission'\"\nlifecycle_label: \"Question Rejected\"\n---\n\n**Question published in the ESMA Q&A tool · no answer · not legislation [Question Rejected]**\n\n*Question Rejected · ESMA Q&A register, 22 October 2024 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/2310)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 2310 — Q&A — Application of DORA to non-EU AIFMs of AIFs with EU \\[Question Rejected\\] |\n| **Prepared by** | Not stated in the document |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_2310 |\n| **Document type** | Q&A |\n| **Legal nature** | No answer · not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Question submitted 22 October 2024 |\n| **Legal basis** | DORA |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Application of DORA to non-EU AIFMs of AIFs with EU investors**\n\n### Question\n\nThe scope of DORA includes (Article 2(1)(k) “managers of alternative investment funds”. Such an entity is defined in Article 3(44) as “... a manager of alternative investment funds as defined in Article 4(1), point (b), of Directive 2011/61/EU”. It is noted that the definition does not extend to the need to be authorised or registered under Directive 2011/61/EU. As such this can be read as meaning that all managers (regardless of their jurisdiction) of alternative investment funds could potentially fall within scope of DORA.\n\nESMA\\_QA\\_2107 clarifies that a financial entity in the EU is subject DORA and that DORA does not directly apply to a non-EU entity providing services to an EU financial entity – although DORA may apply indirectly to the non-EU entity given that the “EU financial entity is expected to validate that the non-EU third-party provider does not prevent it to be compliant with DORA”.\n\nDoes the same principle apply to non-EU AIFMs that manage AIFs (regardless of where those AIFs are established) which have investors based in the EU i.e. DORA will not directly apply to such non-EU AIFMs, but may apply indirectly if such investors are financial entities in the EU who are directly subject to DORA?\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/2310)\n"}