Commission Proposal for Review of AIFMD and ELTIF
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- The European Commission has recently published a proposal to amend the Alternative Investment Fund Managers Directive (AIFMD). The proposal targets specific amendments to the AIFMD and does not involve a wholesale review. The Commission has also published a proposal for review of the Regulation on the European Long-Term Investment Fund (ELTIF).
- Highlights include a new regime for loan origination funds and further focus by ESMA on AIFM delegation arrangements.
- The proposals form an agenda of points for discussion in the European legislative process, with uncertainties about the final form the changes will take.