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ARTICLE · 21 NOVEMBER 2023

AIFMD II: Political Agreement Is Out!

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

The EU Commission, the Parliament and the Council reached an agreement on AIFMD II in July this year and since then the asset management industry has been waiting for the final text.

European UnionFinance and Banking
Frédérique Lifrange
Frédérique Lifrange
Virginie Lebbe
Virginie Lebbe

The EU Commission, the Parliament and the Council reached an agreement on AIFMD II in July this year and since then the asset management industry has been waiting for the final text. Following additional discussions between these authorities, the political agreement is now final and available on the Council website.

Although the new directive ("AIFMD II") focuses on AIFMD, it also modifies UCITS by aligning certain requirements and making the regulatory approach more consistent between the two regimes.

The main topics covered by AIFMD II are the following: delegation regime, availability and use of liquidity management tools, supervisory reporting requirements, white-labelling (or use of third-party AIFMs/management companies), information on costs charged to investors, alignment of the list of permitted functions/services that an AIFM/management company can perform.

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