Towards an AIFMD 2 ‘Lending Passport’?
The AIFMD 2 introduces new rules for loan-originating alternative investment funds, but uncertainties remain around the potential for a cross-border “lending passport,” writes Loyens & Loeff’s Sebastiaan Hooghiemstra, member of Investment Officer’s expert panel.
ALFI: Industry pleased with limited AIFMD reform proposals
The reaction to recent European Commission proposals for AIFMD II reform from Luxembourg finance industry participants was positive. On the whole, changes have been kept to a minimum. For Luxembourg this means the alternative fund industry’s current business model does need to change, but the country will have to manage some more back-office tasks, and needs to ensure some more substance.