EU, Luxembourg and UK Sources

Please follow the links below to access key EU sources.

• AIFMD (Directive 2011/61/EU)
• AIFMD II (Directive 2024/927/EU)
• Linklaters unofficial consolidated text of AIFMD and AIFMD II
• Level 2 Regulations (Commission Delegated Regulation (EU) No 231/2013)
• Other Commission Regulations:

• Establishing an opt-in procedure for AIFMs (Commission Implementing Regulation (EU) No 447/2013)
• Standards for determining types of AIFM (open-ended / closed-ended) (Commission Delegated Regulation (EU) No 694/2014)
• Establishing a procedure for determining the member state of reference for non-EU AIFMs (Commission Implementing Regulation (EU) No 448/2013)
• Administration of benchmarks (Regulation (EU) 2016/1011)
• Sustainability related disclosures (Regulation (EU) 2019/2088)

• The European Commission webpage on implementation of AIFMD (under heading “Relevant Legislation”) including:

• Implementing and delegated acts - AIFMD
• National transposition measures communicated by Member States

• Guidance on the implementation and interpretation of AIFMD: 

• Commission Q&As (Directive 2011/61/EU) 
• ESMA Q&A on the Application of the AIFMD, up to 31 December 2023 
• ESMA Q&As tool for Q&As issued from 1 January 2024
• ESMA guidelines on:

• Key concepts of AIFMD
• Reporting obligations under Articles 3(3)(d) and 23(1), (2) and (4) of the AIFMD
• Sound remuneration policies under the AIFMD together with this amendment

Please follow the links below to access key Luxembourg sources.

• Luxembourg AIFM Law (law of 12 July 2013 on alternative investment fund managers)

Please follow the links below to access key UK sources.

• UK Regulation (The Alternative Investment Fund Managers Regulation 2013)
• FUND (the FCA’s Investment Funds sourcebook)
• AIFMD marketing guidance (Part 8.37 of The Perimeter Guidance manual)
• Guidance on the scope of AIFMD in the UK (Part 16 of The Perimeter Guidance manual)
• AIFM Remuneration Code (Part 19B of the FCA’s Senior Management Arrangements, Systems and Controls Handbook)