AIFM & UCITS Directives: What You Need to Know
The publication of Directive (EU) 2024/927 on March 26, 2024, introduces important revisions to the AIFM and UCITS Directives. Entering into force on April 15, 2024, the reform introduces targeted updates across delegation, liquidity risk, regulatory reporting, and depositary rules.
Timelines & Obligations
EU Member States have until April 2026 to transpose the rules. ESMA has already launched consultations on Liquidity Management Tools (LMTs) and Loan-Originating Funds (LOFs), with Regulatory Technical Standards expected in 2025. Other RTS are expected on regulatory reporting.
What the White Paper Covers
Key Highlights Covered:
- Clear breakdown of changes to AIFM and UCITS
- LOFs: definitions, leverage caps, and risk requirements
- Harmonization of LMT usage across fund types
- Streamlined regulatory reporting obligations
- Grandfathering provisions for legacy LOFs
- New rules on delegation, fees, and transparency
- How NeoXam helps firms comply with confidence
