On 15 February 2024, the Council of the EU published the text of the 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 European Parliament issued a press release on 7 February 2024 stating that MEPs had adopted the draft Directive.

The draft Directive enters into force on the twentieth day following its publication in the Official Journal of the EU.

Further information on AIFMD 2 can be found in issue 1 of Global Asset Management Review.