On 27 February 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/465 of 17 November 2025 supplementing the Alternative Investment Fund Managers Directive with regard to regulatory technical standards (RTS) specifying the characteristics of liquidity management tools.

Commission Delegated Regulation (EU) 2026/465 will enter into force on 19 March 2026 (20 days after publication in the OJ) and shall apply from 16 April 2026.

Our earlier blog on the RTS can be found here.