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ARTICLE · 25 JULY 2023

EU Reaches Provisional Agreement On AIFMD II

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On July 20, 2023, the Council of the European Union (EU) announced a provisional agreement had been reached with the EU Parliament on the amendments to the Alternative Investment...

European UnionFinance and Banking
Ezra Zahabi
Ezra Zahabi
Helen Marshall
Helen Marshall
Suley Siddiqui
Suley Siddiqui
Phil Davies
Phil Davies
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Summary

On July 20, 2023, the Council of the European Union (EU) announced1 a provisional agreement had been reached with the EU Parliament on the amendments to the Alternative Investment Fund Managers Directive (AIFMD) – commonly referred to as "AIFMD II". This concludes several years of negotiations between the EU legislative bodies and marks a key step in the evolution of the investment funds landscape in the EU. However, it is important to note that the agreement is provisional and requires formal confirmation by the EU legislative bodies before it can be officially adopted. We await further details and the publication of the final text to assess the full implications of the changes.

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