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ARTICLE · 27 NOVEMBER 2025

AIFMD II – Authorised Activities Update

Arthur Cox
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Directive (EU) 2024/927 ("AIFMD II") came into effect on 15 April 2024. The deadline for its transposition into Irish and other domestic law of EU member states is 16 April 2026.

IrelandFinance and Banking
Ian Dillon
Ian Dillon
Dara Harrington
Dara Harrington
Kevin Murphy
Kevin Murphy
Tara O'Reilly
Tara O'Reilly
Cormac Commins
Cormac Commins
Siobhan McBean
Siobhan McBean
Stephanie Hanrahan
Stephanie Hanrahan
Christopher O'Reilly
Christopher O'Reilly
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Introduction

Directive (EU) 2024/927 ("AIFMD II") came into effect on 15 April 2024. The deadline for its transposition into Irish and other domestic law of EU member states is 16 April 2026. We are pleased to share the latest in our series of updates on key regulatory developments arising from AIFMD II. This update focuses on clarifications and amendments to authorised activities for Alternative Investment Fund Managers ("AIFMs") under AIFMD II.

Clarification of AIFM functions: loan origination and servicing securitisation SSPEs

AIFMD II clarifies that the management of Alternative Investment Funds ("AIFs") can also comprise the activities of:

  1. originating loans on behalf of an AIF; and

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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