How to AIFMD II
04.11.2024 – Articles
The big picture
Coming into force on April 16, 2026, the Alternative Investment Fund Managers Directive II (AIFMD II) aims to raise standards in the private capital fund industry, updating the original AIFMD, which first came into effect in 2013.
Worth noting
The updates will impact various processes and operations, with the goal of better protecting investors and reducing market risks associated with a flourishing and expanding alternatives market. The changes echo the truism; with greater impact, so too comes greater responsibility (and more onerous, heavy-handed oversight).
Here we dig into the most complex and cumbersome updates, where fund managers are seeking more detailed guidance, including pre-contractual legal disclosures to investors, delegating to service providers, and managing loan origination.