On 26 February 2024, the Council of the EU issued a press release stating that it had adopted a proposed Directive amending the Alternative Investment Fund Managers Directive and the UCITS Directive as regards delegation arrangements, liquidity risk management, supervisory reporting, the provision of depositary and custody services and loan origination by alternative investment funds. The proposed Directive enters into force 20 days after its publication in the Official Journal of the European Union. Member states will have 24 months after the entry into force to transpose the rules into national legislation.
Our earlier blog on AIFMD 2 is here.