https://fundregtracker.com/Change ledger of the living fund reference — regulation, fund registrations, fund data, private-market fund performance, calendar and the weekly industry desk — across the world's prominent fund jurisdictions.Tue, 01 Sep 2026 12:25:08 +0000https://fundregtracker.com/fund-news-2026-W36-2#changelogfund-news-2026-W36-2-2026-09-01-645e0240Tue, 01 Sep 2026 09:00:00 +0000https://fundregtracker.com/fund-news-2026-W35-5#changelogfund-news-2026-W35-5-2026-08-28-645e0240Fri, 28 Aug 2026 09:00:00 +0000https://fundregtracker.com/fund-news-2026-W35-2#changelogfund-news-2026-W35-2-2026-08-25-645e0240Tue, 25 Aug 2026 09:00:00 +0000https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-08-23-527e4fffSun, 23 Aug 2026 09:00:00 +0000Article 5(5) of Regulation (EU) No 231/2013 — "the information required for registration purposes shall be updated and provided on an annual basis" — not, as this page previously stated, only by the ESMA guidelines for want of an Article 110(3) band. Article 5(3) is also the registration-side source for the registered manager filing Article 110(1) content on the Annex IV pro-forma template (Reg. 231/2013, Art. 5 · UK assimilated text).]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-23-8e56280eSun, 23 Aug 2026 09:00:00 +0000two points to Article 23(4) of Directive 2011/61/EU — the annual disclosure of fees borne by investors and of parent undertakings, subsidiaries and SPVs. It adds three. The omitted one is the composition of the portfolio of originated loans, and unlike the other two it is not expressed as an annual duty. Read from the Luxembourg transposition, which inserts the three as letters d), e) and f) of Article 21(4) of the 2013 AIFM Law and qualifies only the last two with "sur une base annuelle" (Law of 3 March 2026, Art. 41). The point reaches a credit fund under either wrapper.]]>https://fundregtracker.com/fund-news-2026-W34-5#changelogfund-news-2026-W34-5-2026-08-21-645e0240Fri, 21 Aug 2026 09:00:00 +0000https://fundregtracker.com/fund-news-2026-W34-2#changelogfund-news-2026-W34-2-2026-08-18-645e0240Tue, 18 Aug 2026 09:00:00 +0000https://fundregtracker.com/fund-news-2026-W33-5#changelogfund-news-2026-W33-5-2026-08-14-645e0240Fri, 14 Aug 2026 09:00:00 +0000https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-12-22180d0aWed, 12 Aug 2026 09:00:00 +0000Article 2 of Regulation (EU) 2023/606 deems an ELTIF "authorised in accordance with and complying with" the provisions of Regulation (EU) 2015/760 applicable before 10 January 2024 to comply with the amended Regulation until 11 January 2029, and — where such an ELTIF "do[es] not raise additional capital" — with no stated end date. Such an ELTIF continues to carry the 1.0 requirements meanwhile, including the €10,000 retail minimum, the 10%-of-portfolio cap, mandatory investment advice, the 70% eligible-asset floor, the 10% concentration limit and borrowing capped at 30% of capital. An ELTIF authorised before 10 January 2024 "may choose to be subject to this Regulation, provided that the competent authority of the ELTIF is notified thereof". The transitional is separate from, and does not align with, Article 61(6) of Directive 2011/61/EU: different pivot dates (10 January 2024 against 15 April 2024), different sunsets (11 January 2029 against 16 April 2029), separate opt-in notifications, and a standstill on further increases in the AIFMD transitional that the ELTIF one does not carry.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-11-07fb7059Tue, 11 Aug 2026 09:00:00 +0000Article 61(6) of Directive 2011/61/EU, inserted by Directive (EU) 2024/927, deems an AIF that originates loans and was constituted before 15 April 2024 to comply with Art. 15(4a)–(4d) and Art. 16(2a) — the 20% single-borrower cap, the 175%/300% leverage caps and the closed-ended requirement — until 16 April 2029, and with no stated end date where the AIF raises no additional capital after 15 April 2024; subject throughout to a standstill barring any increase in that notional or leverage above the limits. Loans originated before 15 April 2024 are carved out of Art. 15(3)(d) and Art. 15(4e)–(4i) in respect of those loans. An AIFM may elect in by notifying its home competent authority. Corrected: the transitional is Article 61(6), not Article 61(5) as widely cited — the same Directive deleted the former paragraph 5.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-11-9525d47fTue, 11 Aug 2026 09:00:00 +0000AIFMD Art. 15(4i)) was stated here without its derogations. It does not apply where the AIFM is selling assets to redeem units on liquidation, where disposal is required to comply with Art. 215 TFEU restrictive measures or product requirements, where sale is necessary to implement the AIF's investment strategy in investors' best interests, or where sale follows a deterioration in the loan's risk detected under Art. 15(3) and disclosed to the purchaser — the AIFM bearing the burden of demonstrating the condition on request. The retention period also runs to maturity for loans to consumers regardless of maturity. Added from the same primary text: the Art. 15(3)(d) credit-granting-policy duty (with its 150%-of-capital shareholder-loan carve-out), the Art. 15(4d) power of the AIFM's competent authorities to extend the Art. 15(4c) application date by up to 12 further months on a duly justified investment plan, and the "without prejudice to Article 25(3)" qualification on the Art. 15(4b) shareholder-loan carve-out.]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-08-11-c89ffdc4Tue, 11 Aug 2026 09:00:00 +0000AIF Rulebook ch.2, s.2(i)(1) opens "unless it is required by the AIFM Regulations to have an authorised AIFM at an earlier date", so the two years are available only while the manager remains below the AIFMD threshold.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-10-70503d92Mon, 10 Aug 2026 09:00:00 +0000Article 13(7) of Regulation (EU) 2015/760 as amended, not Article 13(8). The replacement Article 13 enacted by Regulation (EU) 2023/606 runs to seven numbered paragraphs and has no paragraph 8; the sentence sits in paragraph 7, alongside the feeder-ELTIF disapplication of the Article 13(2)(c) limit. This reverses the correction recorded below on 2026-07-26, which moved the citation the wrong way on the strength of secondary summaries; the paragraph is now read from the amending Regulation and from the consolidated text. The substance is unchanged — the limits do not apply to professional-only ELTIFs.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-09-243b1bd0Sun, 09 Aug 2026 09:00:00 +000010 April 2030 report as the Regulation's review clause. It is not the only one. Article 37a sets an earlier and narrower review, due by 11 January 2026: an assessment and report to the Parliament and Council, with a legislative proposal where appropriate, on whether an optional "ELTIF marketed as environmentally sustainable" / "green ELTIF" designation is feasible, whether the "do no significant harm" principle should bind all ELTIFs or only those marketed as environmentally sustainable, and how the regime's contribution to the European Green Deal could be strengthened. The 10 April 2030 review is unchanged, and no green-ELTIF designation exists in the Regulation as consolidated.]]>https://fundregtracker.com/fund-news-2026-W32-5#changelogfund-news-2026-W32-5-2026-08-07-645e0240Fri, 07 Aug 2026 09:00:00 +0000https://fundregtracker.com/fund-news-2026-W32#changelogfund-news-2026-W32-2026-08-07-645e0240Fri, 07 Aug 2026 09:00:00 +0000https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-08-06-690e5ef3Thu, 06 Aug 2026 09:00:00 +0000Repeal of the control of borrowing framework (July 2025) treats JPFs and legacy funds at section 9, proposing a "private fund services business" class under the Financial Services (Jersey) Law 1998 with an Article 19 code of practice placing the JPF Guide on a statutory footing; the feedback paper of November 2025 commits to transitional provisions migrating existing COBO consents and conditions seamlessly, with holders retaining good standing and no action required of them. The legal form and commencement dates are undecided.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-05-429282d8Wed, 05 Aug 2026 09:00:00 +0000ESMA_QA_2363, answered 6 December 2024). The Article 18(1) duty to state a specific end-of-life date is unchanged. The same answer holds that Member States "are not allowed to introduce limitations on the life and/or the life-cycles of ELTIFs" under Article 1(3), so a national cap on an ELTIF's term cannot be imposed.]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-08-05-b74a3ff8Wed, 05 Aug 2026 09:00:00 +0000Arthur Cox, 5 August 2026). AIFMD II's Article 16(2a) default remains closed-ended unless the AIFM demonstrates a compatible liquidity risk management system, and a loan-originating QIAIF under a registered AIFM must still be closed-ended.]]>https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-08-03-e33a10c0Mon, 03 Aug 2026 09:00:00 +0000registration status and an AIF's reporting code are two separate fields on two separate scales (FCA AIF001-7 and AIF002-249), not one banded code; this page previously described them as a single field. Corrected: status 1 covers small authorised AIFMs as well as small registered ones, and below-threshold non-UK AIFMs marketing under a private placement regime — it is not "registered managers" only; 2–5 is the full-scope band, not "authorised" generally; 6–9 is confined to above-threshold non-UK AIFMs. Corrected: the AIF reporting code runs 1, then 2–45, not 1–9 (FCA, Important information for AIFMD Annex IV transparency reporters, Q1 and annex 2).]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-03-56957d0bMon, 03 Aug 2026 09:00:00 +000025/901 pts 35, 39). The duty is AIFMD Art. 23(1)(i) — a description of all fees, charges and expenses and of their maximum amounts.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-08-03-50494916Mon, 03 Aug 2026 09:00:00 +0000ESMA_QA_2471).]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-07-29-3dce8a1fWed, 29 Jul 2026 09:00:00 +0000AIF Rulebook as a July 2026 edition, superseding the 5 May 2026 text. No blackline or statement of changes was published with it. No chapter carries a deferred or transitional effective date.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-07-27-792ef694Mon, 27 Jul 2026 09:00:00 +0000ESMA_QA_2482); daily dealing is not prohibited (ESMA_QA_2477); a temporary breach of the Annex II liquid-asset floor does not bar further redemptions while it is reconstituted under Art. 5(7) (ESMA_QA_2475); the Art. 5(6) 12-month cash-flow uplift requires "a high degree of certainty" and excludes asset disposals and new subscriptions (ESMA_QA_2476); and Member States may not impose nationality, domiciliation or location requirements on an ELTIF or its manager, including where the ELTIF sits inside an insurance or pension wrapper (ESMA_QA_2481). Corrected: the share-class uniformity rule is pinned to ESMA_QA_2013 (Recital 48 of 2023/606; Art. 18(2)(e)), not to the law-firm note previously cited, which does not carry that point.]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-07-27-fc685a12Mon, 27 Jul 2026 09:00:00 +0000Directive (EU) 2024/927 amends AIFMD Articles 36(1) and 42(1) to impose two: the third country must be neither an AML high-risk third country under Article 9(2) of Directive (EU) 2015/849 nor named in Annex I of the EU list of non-cooperative jurisdictions for tax purposes.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-07-26-5e9d7d3bSun, 26 Jul 2026 09:00:00 +0000Article 13(8) of Regulation (EU) 2015/760 as amended, not Article 13(7) (AFG, Practical guide to ELTIF 2.0, §3.2–3.6; Dechert). Corrected: the €20.5bn end-2024 ELTIF market figure comes from the Scope ELTIF study 2025 (data as at 31 December 2024), not the 2024 study, which reports end-2023; and Luxembourg's "two-thirds of market volume" is that same end-2024 split (€13.7bn of €20.5bn), not an end-2025 one.]]>https://fundregtracker.com/fund-news-2026-W30#changelogfund-news-2026-W30-2026-07-24-645e0240Fri, 24 Jul 2026 09:00:00 +0000https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-07-22-4fc36f43Wed, 22 Jul 2026 09:00:00 +0000CBI Reporting Guidance for AIFMs); the individually-advised interval applies to interim financial statements, not Annex IV. Corrected: ESMA's first-reporting worked example runs from information available as at 15 February, not 16 February (ESMA/2014/869 §12). Corrected: the one-month deadline and the fund-of-funds 15-day extension sit in Art. 110(1) of Regulation 231/2013, not the ESMA guidelines, and are retained in the UK assimilated text.]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-07-22-b76548acWed, 22 Jul 2026 09:00:00 +0000JPF Guide Annex A, paras 1.e–1.f in fact read "financially sophisticated employee, director, partner, expert consultant or shareholder", a wider test that reaches partners and outside consultants. The limbs run (a)–(o), with (o) a JFSC case-by-case discretion.]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-07-20-e0dc29a5Mon, 20 Jul 2026 09:00:00 +0000€8,952 and the per-sub-fund contribution to €593, from €8,734 and €579; and the fifty-sub-fund maximum is removed, so an umbrella's levy is no longer capped at €37,684 but rises without limit (Funding Strategy and Guide to the 2026 Industry Funding Regulations, August 2026, s.2.3 and s.4.5 with n.6).]]>https://fundregtracker.com/fund-news-2026-W29#changelogfund-news-2026-W29-2026-07-17-645e0240Fri, 17 Jul 2026 09:00:00 +0000https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-07-17-c6aec2e1Fri, 17 Jul 2026 09:00:00 +0000Financial Crime Returns Rules, 2026 were made and came into operation, changing the name, content, reporting period and submission deadline of the return previously called the Financial Crime Risk – Intermediary Annual Return (Form 152). As the Investment Vehicles Multi Return it is filed by the designated administrator of every collective investment scheme registered or authorised under section 8 of the Protection of Investors Law — which includes a registered PIF — for the reporting period 1 July to 30 June, by the following 31 October (r.2.3).]]>https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-07-14-91c259d4Tue, 14 Jul 2026 09:00:00 +0000CP26/26 "Fund Reporting for Asset Management Entities" (FRAME), proposing to remove AIF001 and replace AIF002 — the two data items through which Annex IV is filed in the UK — alongside CP26/28 on the UK AIFM regime and HM Treasury's draft statutory instrument. Under the proposals the obligation is sized by fund NAV (£500m: "essential" below, "enhanced" at or above) rather than manager AuM; frequency follows fund type (authorised funds quarterly, unauthorised AIFs annual, hedge funds quarterly, NPPR annual except hedge funds); submission lags move from one month to 30/45/60/120 days by fund type; the gross and commitment leverage metrics and the "substantially levered" trigger are removed; and hedge funds above £500m NAV gain an event-based trigger at a −10% ten-business-day return, notifiable within 72 hours. FSA042 and the DISC 3.5.1R product-summary filing are proposed for decommissioning. Consultation closes 22 September 2026 (CP26/26) and 14 October 2026 (CP26/28 and the draft regulations); policy statement H1 2027, complete regime 2028 (FCA CP26/26 · CP26/28).]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-07-14-f15bfc90Tue, 14 Jul 2026 09:00:00 +0000Alternative Investment Fund Managers Regulations 2026 and its policy note, alongside the FCA's CP26/28 on a new UK AIFM regime. The national private placement regime through which all four of these vehicles reach UK investors is retained with "minimal changes", with a new simplified process for the FCA to suspend and revoke permission to market. Technical comments on the draft instrument close 14 October 2026; HM Treasury expects to lay the legislation in early 2027, to come into force alongside the replacement FCA rules.]]>https://fundregtracker.com/regs-lu-aifm-law-2013#changelogregs-lu-aifm-law-2013-2026-07-07-37694d1aTue, 07 Jul 2026 09:00:00 +0000loi du 3 mars 2026 (promulgation; Mémorial A n° 115, published 9 March 2026) — this page previously used the 12 February Chamber-adoption date. In force 16 April 2026; enhanced-reporting provisions deferred to 16 April 2027 (Art. 57).]]>https://fundregtracker.com/aifmd-ii-implementation-tracker#changelogaifmd-ii-implementation-tracker-2026-07-06-16a5352dMon, 06 Jul 2026 09:00:00 +0000(EU) 2026/465 and (EU) 2026/466 (published 27 February 2026, in force 19 March 2026, applying 16 April 2026).]]>https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-06-30-53b94da2Tue, 30 Jun 2026 09:00:00 +0000Finanstilsynet).]]>https://fundregtracker.com/cssf-24-856-annotated#changelogcssf-24-856-annotated-2026-05-22-87a6f513Fri, 22 May 2026 09:00:00 +0000Circular IML 91/75 was repealed in full, with immediate effect and no replacement text, by Circular CSSF 26/912. Its surviving chapters were part of the investment-rules perimeter tested under point 49: Chapter F (UCITS asset composition, ancillary liquid assets, borrowings, and investment limits applied to net assets — the calculation basis of pt 52 stated at circular level), Chapter H (techniques and instruments for efficient portfolio management, already disapplied to Part II UCIs by 25/901) and Chapter M (explanation of NAV-per-unit movements above 10% month-on-month). The CSSF states the rules are overtaken by national and EU rules or absorbed into its administrative practice. 24/856 itself is unamended.]]>https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-05-05-6dca9ba3Tue, 05 May 2026 09:00:00 +0000AIF Rulebook applies with immediate effect from this date and removes the general liquidity-management-tool notification to the Central Bank — the liquidity data is collected instead through the Daily Investment Funds Return, the per-dealing-day return the Bank describes as replacing trigger-based liquidity reporting, in place since December 2024 and extended to LMT usage in August 2025. Immediate notification remains for the activation or deactivation of a suspension of subscriptions, redemptions or NAV calculation, with a further update at each 21-working-day interval while it persists; specific requirements attach to redemption gates and side pockets. The Article 16(2d) without-delay duty in the transposed Directive is unaffected (CBI AIF Rulebook · CBI — Daily Investment Funds Return).]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-05-05-d52f4683Tue, 05 May 2026 09:00:00 +0000AIF Rulebook (feedback statement to CP162), applying from that date. The legacy loan-origination chapter is removed and the QIAIF restriction on third-party guarantees is lifted.]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-05-05-cc929675Tue, 05 May 2026 09:00:00 +0000https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-05-04-2c9e823bMon, 04 May 2026 09:00:00 +0000monthly base reporting frequency for revised Art. 24(1) / Art. 20a(1) information in place of the current AuM-driven quarterly/half-yearly/annual bands. Timing stated: consultation paper later in 2026, draft RTS/ITS by April 2027, go-live expected H1 2029 at the earliest, with existing templates remaining in force until superseded. Corrected: this page previously presented April 2027 as the point at which the reporting build-out lands — the amended Article 24 applies then, but the new template does not, and the two dates are years apart (ESMA Final Report).]]>https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-05-01-0c9f4d83Fri, 01 May 2026 09:00:00 +0000S.I. No. 181 of 2026 (European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2026) comes into operation, transposing AIFMD II two weeks after the EU deadline — except its reporting provision, Regulation 14, deferred to 16 April 2027 to match the Directive's own carve-out of the amended Article 24. Luxembourg's Law of 3 March 2026 makes the same split through its Article 57 (S.I. 181/2026 · Legilux, Mémorial A 115).]]>https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-04-16-a541333cThu, 16 Apr 2026 09:00:00 +0000without delay for suspension of subscriptions, repurchases and redemptions (Annex V point 1) and for any Annex V points 2–8 tool used otherwise than in the ordinary course of business, and within a reasonable timeframe before activating or deactivating a side pocket (point 9); at least two tools from points 2–8 must be selected, with their policies communicated to the regulator (consolidated AIFMD, Art. 16(2b) and (2d)). Luxembourg routes it through a dedicated eDesk "Liquidity Management Tool" procedure, separate from AIFM reporting — an LMT selection module from 23 March 2026 with the initial selection due 16 April 2026, and an LMT activation module from 16 April 2026 (CSSF communication, 18 March 2026).]]>https://fundregtracker.com/annex-iv-practical-guide#changelogannex-iv-practical-guide-2026-04-16-f7a338b5Thu, 16 Apr 2026 09:00:00 +0000EU/EEA regime code transposing EU AIFMD II (Directive (EU) 2024/927) alongside the Level 1 and Level 2 AIFMD texts, and the pre-existing code, which from the same date applies only to the UK-focused regime. Both were published on 8 April 2026. The JFSC's requirement that a Jersey AIFM copy its Annex IV reporting to the Commission, on the same frequency it files with the UK or EEA state, is unchanged (JFSC — AIF Code of Practice, EU/EEA regime · JFSC — AIFMD FAQs).]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-04-16-e5b1269dThu, 16 Apr 2026 09:00:00 +0000Directive (EU) 2024/927 inserts into Directive 2011/61/EU a 20% of capital cap on loans originated to a single borrower that is a financial undertaking, an AIF or a UCITS (Art. 15(4a)), to apply by a date no later than 24 months from first subscription and suspended for up to 12 months on a capital increase or reduction (Art. 15(4c)); leverage caps on a loan-originating AIF of 175% open-ended and 300% closed-ended, on the commitment method over net asset value, with a shareholder-loan carve-out at 150% of capital (Art. 15(4b)); a requirement that a loan-originating AIF be closed-ended unless the AIFM demonstrates to its home competent authority that the fund's liquidity risk management system is compatible with its strategy and redemption policy (Art. 16(2a)); 5% risk retention on each originated loan subsequently transferred (Art. 15(4i)); a prohibition on originating loans with the sole purpose of transferring them (Art. 15(4h)); and bars on lending to the AIFM, its staff, the depositary or delegates (Art. 15(4e)). Art. 15(4a) applies "without prejudice to the thresholds, restrictions and conditions" of Regulation (EU) 2015/760.]]>https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-04-16-7c8e245cThu, 16 Apr 2026 09:00:00 +0000Directive (EU) 2024/927, Art. 1(11) inserts Art. 23(1)(ia) of the AIFMD — a list of the fees, charges and expenses "borne by the AIFM in connection with the operation of the AIF and that are to be directly or indirectly allocated to the AIF" — and adds to Art. 23(4) an annual disclosure of (e) "all fees, charges and expenses that were directly or indirectly borne by investors" and (f) "any parent undertaking, subsidiary or special purpose vehicle utilised in relation to the AIF's investments". Now in the consolidated AIFMD (16 April 2026).]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-04-16-e71d4fd2Thu, 16 Apr 2026 09:00:00 +0000https://fundregtracker.com/eltif-2-vs-part-ii-uci#changelogeltif-2-vs-part-ii-uci-2026-04-15-15819687Wed, 15 Apr 2026 09:00:00 +0000Commission Delegated Regulation (EU) 2026/465 (adopted 17 November 2025, OJ 27 February 2026) fixes the characteristics of the Annex V LMTs and applies from 16 April 2026, with AIFs constituted before that date given until 16 April 2027. ESMA's guidelines on LMT selection and calibration (ESMA34-671404336-1364) were published 12 March 2026, and the CSSF applies them by Circular CSSF 26/910 of 15 April 2026 on the same two dates; open-ended Part II UCIs managed by a registered AIFM are recommended, not required, to follow it.]]>https://fundregtracker.com/private-fund-domicile-comparison#changelogprivate-fund-domicile-comparison-2026-04-13-fe9ccb47Mon, 13 Apr 2026 09:00:00 +0000Control of Borrowing (Jersey) Order 1958 under which a JPF is consented. Consent ceases to be required for unit trusts and for non-Jersey entities raising money or registering in Jersey unless the entity is an investment fund; a new "retail investor" definition (Article A1) narrows offer and prospectus consent to retail offers; and the "relevant consent" precondition is removed from the PIRS and SPIB exemptions. Investment funds — including JPFs, via the Article 14(6) definition — remain within the consent requirement. Consents granted before this date over the descoped categories cease to have effect. The JFSC states the wider repeal of the framework proceeds in phases and completes in 2027.]]>