The European AIF market is one of the fastest growing in the financial sector. For this reason, your AKD counsels keep up to date with developments in this dynamic industry. To help financial market participants to stay on top of current trends in the AIF space, the AKD Quarterly Update provides information on selected Luxembourg and Dutch legal, tax and regulatory matters within the AIF industry.

As we navigate through 2025, we are pleased to present the Q4 AIF industry Update in which our legal, regulatory and tax experts from Luxembourg and the Netherlands cover the most recent key developments in the European AIF market from the last three months with particular relevance for fund managers and sponsors, institutional investors and professionals in the financial sector.

Key topics include include inter alia ESMA’s final report on draft RTS for open-ended loan-originating AIFs, CSSF Circular 25/901 and its Compilation of Key Concepts for Investment Funds, Proposal for the implementation of AIFMD II in the Netherlands, EBA advice on AMLA mandates and draft technical standards, European Commission’s measures re. simplification and consistency of disclosures under SFDR, ESMA’s consolidated Q&A on the SFDR, Provisional agreement on Omnibus I package.

You will also read about tax hot topics from the Netherlands.

Don’t miss out the interview of Rafal Belka, CEO at Value Advisors.

Enjoy the read and get in touch with us if you require more detailed information and assistance on the latest AIF developments and their implications.

Read the update here.