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ARTICLE · 18 APRIL 2024

AIFMD II Comes Into Force In April 2024

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The final text of the amendments to the EU Alternative Investment Fund Managers Directive (AIFMD)—known as "AIFMD II"—was published in the Official Journal of the European Union on March 26, 2024...

United StatesFinance and Banking
Ezra Zahabi
Ezra Zahabi
Simon Ellis
Simon Ellis
Ian Meade
Ian Meade
Tim Pearce
Tim Pearce
Daniel Quinn
Daniel Quinn
Suley Siddiqui
Suley Siddiqui
Hamish Annandale
Hamish Annandale
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The final text of the amendments to the EU Alternative Investment Fund Managers Directive (AIFMD)—known as "AIFMD II"—was published in the Official Journal of the European Union on March 26, 2024, and will enter into force on April 15, 2024. EU member states have 2 years after publication to transpose the rules into national law. This means AIFMD II will apply from April 16, 2026, with some rules subject to a transitional period. As summarised in a previous note, AIFMD II incorporates material amendments to specific provisions of the AIFMD, and managers should assess how the changes in AIFMD II may impact their business or operations. As a result of the United Kingdom's (UK) exit from the European Union (EU), the changes introduced by AIFMD II will not apply to the UK's version of the AIFMD. However, aspects of the AIFMD II rules will still be relevant for UK and other non-EU alternative investment fund managers (AIFMs) that market funds in the EU under the national

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