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By Dr. Sebastiaan Niels HOOGHIEMSTRA*
On 12 December 2024, ESMA published its consultation paper in relation to draft regulatory technical standards (“RTS”) for open-ended loan-originating AIFs (“OE LO-AIFs”) pursuant to Directive (EU) 2024/927 (“AIFMD 2”). This contribution provides an overview of the key aspects of the proposed new rules under the RTS, including but not limited to sound liquidity management, stress testing and liquid asset requirements.
AIFMD 2 entered into force on 15 April 2024 and Member States have until 16 April 2026 to implement the AIFMD 2 provisions in their national frameworks. Amongst others, AIFMD 2 has introduced specific requirements for loan-originating AIFs ...
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