On 9 August 2022, the European Central Bank (ECB) published an opinion on a proposal for a directive as regards delegation arrangements, liquidity risk management, supervisory reporting, provision of depositary and custody services and loan origination by alternative investment funds. The proposal forms part of a package of legal acts in support of the Capital Markets Union.

The ECB provides an opinion on the following:

  • Objectives of the proposed directive
  • Liquidity management and macroprudential tools
  • Reporting
  • ESCB access to detailed data on the AIF sector