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ARTICLE · 02 MAY 2024

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AIFMD 2.0: A Focus On Existing Funds That Originate Loans (Transitional Provisions)

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The directive that makes amendments to the Alternative Investment Fund Managers Directive (AIFMD)1 (and, to the relevant extent, the UCITS Directive)2, referred to as "AIFMD 2.0"3 enters into...

United KingdomFinance and Banking
Gus Black
Gus Black
Richard Frase
Richard Frase
Marianna Tothova
Marianna Tothova
Philippa List
Philippa List

Key Takeaways

  • AIFMD 2.01 enters into force today –15 April 2024.
  • Member States have 24 months to transpose the provisions into national law, meaning that AIFMD 2.0 will take effect from 16 April 2026.
  • AIFMD 2.0 provides for some transitional provisions for AIFs that originate loans, and the key date of reference for these transitional provisions is 15 April 2024.
  • All AIFMs engaged in loan originating strategies need to understand the implications of AIFMD 2.0 for their existing AIF portfolio and future fundraising plans so that they can start to make the appropriate business preparations.

The directive that makes amendments to the Alternative Investment Fund Managers Directive (AIFMD)1 (and, to the relevant extent, the UCITS Directive)2, referred to as "AIFMD 2.0"3 enters into force today –15 April 2024.

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