January 2026 – Directive (EU)
2024/927, commonly referred to as AIFMD II, marks the most
significant reform of the Alternative Investment Fund Managers
Directive (AIFMD) since its original adoption in 2011. Member
States are required to transpose AIFMD II into national law by 16
April 2026.
On 22 January 2026, the Austrian Federal Ministry of Finance has
published a ministerial draft regarding the implementation of AIFMD
II by amending the Austrian Alternative Investment Fund Managers
Act (Alternative Investmentfonds Manager-Gesetz,
AIFMG).
The key objectives are a stronger liquidity risk management, a
harmonised EU legal framework for loan originating funds, greater
transparency and reporting obligations, as well as stricter
requirements for delegation.
