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Clifford Chance

Clifford Chance


EU AIFMD: The AIFMD2 Legislative Proposal

26 November 2021

On 25 November 2021, the European Commission published its draft legislative proposal for AIFMD2. The proposal includes key changes to the AIFMD's delegation, loan origination and liquidity management provisions. Other areas affected by the proposal include the substance, client disclosure and regulatory reporting provisions and conditions for third country structures to market into the EU. The proposal also contains changes to the UCITS Directive which are intended to increase harmonisation with the AIFMD in the areas of delegation, liquidity management and regulatory reporting.

Our AIFMD2 package includes a briefing on the proposal and redlines to indicate the proposed changes to the texts of the AIFMD and UCITS Directive.

Please click here to access the AIFMD2 redline.
Please click here to access the UCITS Directive redline.

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