AIFMD II: New framework for Alternative Investment Funds

The key changes concern loan origination, liquidity risk management, delegation of functions, depositary services and supervisory reporting.

The draft law of the Ministry of National Economy and Finance, which is open for public consultation until 22 October 2026, transposes Directive (EU) 2024/927 ("AIFMD II") and overhauls the regulatory framework governing Alternative Investment Funds (AIFs). The most significant amendments relate to loan origination by AIFs, liquidity management, delegation of functions, depositary arrangements, and transparency and supervisory reporting obligations.

Download the flash below to explore the key updates and insights.