On 7 February 2024, the European Parliament issued a press release stating that MEPs had adopted the proposed Directive amending the Alternative Investment Fund Managers Directive and the UCITS Directive relating to delegation arrangements, liquidity risk management, supervisory reporting, provision of depositary and custody services, and loan origination by alternative investment funds. The adopted text of the proposed Directive has also been published. The European Parliament and Council of the EU reached political agreement on the proposed Directive in July 2023.