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ARTICLE · 01 MAY 2026

Funds Focus - May 26

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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This May 2026 edition of Funds Focus examines critical regulatory developments affecting asset management and investment funds, including Ireland's implementation of AIFMD II legislation and the Central Bank of Ireland's latest guidance on board effectiveness and liquidity management tools. The update also covers significant enforcement actions and European regulatory harmonization efforts that will shape fund management practices in the coming months.

IrelandFinance and Banking
Vincent Coyne
Vincent Coyne
James Phelan
James Phelan
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Key Dates & Deadlines: Q2 2026

The following are key dates and deadlines in Q2 2026 and some key forthcoming dates in the legal and regulatory calendar.

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Irish AIFMD II statutory instruments and revised AIF Rulebook published

The Irish legislation implementing the provisions of AIFMD II updating the UCITS and AIF legislative frameworks has been published in Iris Oifigiúil and came into operation on 1 May 2026. The enhanced reporting provisions for AIFs and UCITS under AIFMD II will come into effect on 16 April 2027. The legislation is in the form of separate statutory instruments updating the existing Irish UCITS legislation and the existing Irish AIFMD legislation; S.I. No. 181 of 2026 European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2026 and S.I. No. 182 of 2026 European Union (Undertakings for Collective Investment in Transferable Securities)(Amendment) Regulations 2026. We expect that the Irish implementing legislating implements the AIFMD II

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