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ARTICLE · 20 NOVEMBER 2023

Final Text Of Political Agreement On AIFMD II Has Been Published

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On 25 November 2021, the European Commission (the Commission) put forward its proposal for amendments to the Directive 2011/61/EU on alternative investment fund managers...

European UnionFinance and Banking
Benjamin Bada
Benjamin Bada
Aurélien Hollard
Aurélien Hollard
Julien Robert
Julien Robert
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1.Background:

On 25 November 2021, the European Commission (the Commission) put forward its proposal for amendments to the Directive 2011/61/EU on alternative investment fund managers (the AIFMD) as regards delegation arrangements, liquidity risk management, supervisory reporting, provision of depositary and custody services and loan origination by alternative investment funds. On 19 July 2023, the European Parliament (the EP) and the Council of the European Union (the Council) reached a provisional agreement. After two years, including several months of technical trilogues, the final text of the political agreement on the amendment of AIFMD (the AIFMD II) is finally out. This final text must be formally approved by both the EP and the Council (cf. section What's next below).

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