Select a legislative/policy area

ID 1198. Issues related to Article 37 AIFMD Back

Relevant provisions
Article 37(5) of Directive 2011/61/EU
Article 37(9) of Directive 2011/61/EU

Question
Article 37(5) fourth subparagraph AIFMD as well as Article 37(9) third subparagraph AIFMD state that the term referred to in Article 8(5) shall be suspended during the ESMA review in accordance with the respective paragraph. It is unclear when exactly the suspension begins and ends.

Answer
The suspension starts from the moment of notification of ESMA and lasts until ESMA has issued its advice.

Date
Submitted on 25/03/2013