ESMA · ESMA_QA_2248 Answer Published

Size Thresholds for Self-Managed AIFs and UCITS

Regulation
Regulation (EU) 2022/2554 - The Digital Operational Resilience Act (DORA)
Article
Article 3 of the DORA Regulation points (60), (63) and (64)
Topic
Digital operational resilience testing
Submitted
2024-08-12
Answered
2024-08-12

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.

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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