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ARTICLE · 16 APRIL 2026

16 April 2026: AIFMD II Finally Takes Effect

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A key point that market participants should be clear on from the outset: AIFMD II brings changes to the regulatory framework applicable to both Alternative Investment Funds (AIFs)...

BelgiumFinance and Banking
Audrey Zegers
Audrey Zegers
Elias Nys
Elias Nys
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After years of legislative process, the local transposition deadline of 16 April 2026 for AIFMD II (Directive 2024/927/EU) has finally arrived. This marks a significant milestone for the investment fund industry across the European Union, bringing with it a range of important changes for both fund managers and the vehicles they manage.

Who Does AIFMD II Apply To?

A key point that market participants should be clear on from the outset: AIFMD II brings changes to the regulatory framework applicable to both Alternative Investment Funds (AIFs) and Undertakings for Collective Investment (UCIs)and their management companies. This contributes to a better alignment between the two frameworks.

Key Changes in a Nutshell

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