By Dr. Sebastiaan Niels HOOGHIEMSTRA*
Directive (EU) 2024/927 (“AIFMD 2” or “UCITSD 6”) amends both Directive 2011/61/EU (the “AIFMD”) and Directive 2009/65/EC (the “UCITSD”). AIFMD 2 contains various amendments in relation to, amongst others, liquidity management tools and loan-originating funds that are often discussed. A topic that will be of importance in practice but that has not yet been discussed is the expansion of permitted activities for AIFMs and UCITS management companies (UCITS Mancos). This contribution seeks to offer a preliminary analysis of the expansion of the permitted activities for AIFMs and UCITS Mancos under AIFMD 2/UCITSD 6.
Background
AIFMs and UCITS ManCos (together, “Mancos”) are...
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