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ARTICLE · 14 MAY 2026

AIFMD II: Strengthening Ireland’s Competitive Edge

McCann FitzGerald LLP
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McCann FitzGerald LLP

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Ireland has now transposed the AIFMD II Directive into national law through the publication of two statutory instruments: the European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2026...

IrelandFinance and Banking
Iain Ferguson
Iain Ferguson
Mark White
Mark White
Morgan Dunne
Morgan Dunne
Anna Moran
Anna Moran
Ciara O'Leary
Ciara O'Leary
Hugh Beattie
Hugh Beattie

Overview

Ireland has now transposed the AIFMD II Directive into national law through the publication of two statutory instruments: the European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2026 and the European Union (Undertakings for Collective Investment in Transferable Securities) (Amendment) Regulations 2026 (the Implementing Regulations).

The Implementing Regulations came into operation on 1 May 2026, bringing Ireland’s regulatory framework into line with the EU-wide reforms and reinforcing the modern, transparent standards that have long underpinned the attractiveness of Irish-domiciled funds.

Key Areas of Reform

The Implementing Regulations update Ireland’s existing AIFMD and UCITS frameworks to reflect the reforms introduced by AIFMD II at EU level. The principal areas of reform include: the introduction of a harmonised regime for liquidity management tools (LMTs) applicable to UCITS and open‑ended AIFs; the establishment of an EU‑wide regulatory

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