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By Jean-Christian SIX Yannick ARBAUT, Partners, Funds and Asset Management, Allen Overy Luxembourg
The Directive amending the Alternative Investment Fund Managers Directive (AIFMD II) was published on 26 March 2024. AIFMD II introduces, among other changes, new rules for alternative investment fund managers (AIFMs) managing alternative investment funds (AIFs) that originate loans. AIFMD II must be implemented by member states into national law by 16 April 2026 at the latest.
Existing AIFs benefit from a transitional period until 16 April 2029 to comply with certain requirements. Other requirements will however apply to any loans originated after 15 April 2024 when AIFMD II is implemented by the member state of establishment of the...
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