AIFMD and UCITS: the European Council adopts new rules


On 7 February 2024, the Council adopted the Directive amending the Alternative Investment Fund Managers Directive (AIFMD) and modernising the framework governing collective investment schemes (UCITS) at European Union (EU) level.

Among the key elements, the amending directive modernises the framework governing liquidity management tools, specifies an EU framework for funds that provide credit to companies and introduces strengthened rules for delegation by investment to managers to third parties.

The directive will be published in the EU’s Official Journal and will enter into force 20 days later. Member States will have 24 months to transpose it.

Find out more about AIFMD.

Find out more about UCITS.