The UCITS Directive (with the forthcoming changes under AIFMD II)

This brochure will help you identify the changes introduced by Directive (EU) 2024/927 (“AIFMD II”) in the UCITS Directive 2009/65/EC. It contains a consolidated version of the UCITS Directive including the changes introduced by AIFMD II. 

The AIFMD II changes are highlighted (in red and blue) and the AIFMD II Recitals have been inserted each time under the relevant article of the UCITS Directive.

AIFMD II must be implemented into national law by 16 April 2026 at the latest and Member States must apply the new AIFMD II obligations from that date. The new reporting obligations to national authorities (see new Article 20a of the UCITS Directive) will however only start to apply from 16 April 2027.

This brochure can be printed from our website (www.elvingerhoss.lu) and/or used as an electronic version.

For more information on AIFMD II, see also our Newsflash “AIFMD II: Political agreement is out!”.