AIFMD 2 - A Fine-Tuning Of The AIFMD Framework And Targeted Harmonisation With The UCITS Framework

The text of the political agreement on the review of the Alternative Investment Fund Managers Directive has been published. The political agreement among the EU policymakers demonstrates their commitment to developing and enhancing the alternative investment fund managers' framework and harmonising it with the UCITS framework.

Following additional inter-institutional negotiations aimed at fine-tuning the text of the provisional political agreement reached with the EU Parliament earlier in July 2023, the Council of the EU published the final text of that political agreement (Political Agreement) on the review of the Alternative Investment Fund Managers Directive (AIFMD 2). Whilst the Political Agreement focuses on the AIFMD, it also touches on the UCITS Directive by aligning requirements between the AIFMD and the UCITS Directive.