Regulatory Alerts2026-03-18
AIFMD II Update 3: Liquidity Management Tools
The Dutch Authority for the Financial Markets (AFM) issued this guidance on March 17, 2026, to assist managers of open-end funds in complying with the new liquidity risk management requirements of AIFMD II effective April 16, 2026. Managers are required to select at least two relevant liquidity management tools from the regulatory list and establish detailed policies for their selection, activation, and deactivation. The document outlines a modified reporting procedure via the AFM portal and grants a one-year transitional period for existing funds to finalize specific tool characteristics.
Share