Fund Management under AIFMD II: Key Changes, Reporting & ESG Integration (H1001)
An advanced course for AIFMs, fund boards and compliance professionals on AIFMD II implementation and ESG integration. It focuses on the new AIFMD II rules on delegation, liquidity management tools, loan‑originating AIFs and enhanced reporting, and shows how to embed sustainability (ESG) risks and SFDR obligations into governance, risk and disclosure frameworks. Using practical examples and checklists, it helps participants translate EU‑level changes and Cyprus expectations into concrete policies, portfolio controls and investor disclosures, without overlapping with licensing or fund administration content.
Table of Contents
- About the Course
- Who Should Attend
- Key Learning Objectives
- Course Curriculum
- Meet the Trainer
- FAQs – Frequently Asked Questions
- Testimonials From Past Participants
- Other Upcoming Courses
- Fees & Registration Details
- Registration Form
About the Course
By 16 April 2026, all EU Member States, including Cyprus, must have implemented AIFMD II, introducing targeted reforms on delegation, liquidity risk management, loan origination and data/reporting. At the same time, AIFMs must deal with evolving ESG and SFDR requirements, including integration of sustainability risks into their governance and risk frameworks and alignment of disclosures with investors’ expectations and upcoming SFDR 2.0 proposals. These changes have a direct impact on how funds are structured, how risks are managed and how products are positioned and disclosed to investors.assetservicingtimes+5
This course is designed as an advanced follow‑on to your AIFM licensing and fund‑administration programmes. It assumes participants already understand the basics of AIFMD and Cyprus fund structures, and focuses instead on what is changing and how to adapt. It explains the core elements of AIFMD II (delegation safeguards, mandated liquidity management tools for open‑ended funds, the harmonised framework for loan‑originating AIFs and enhanced reporting), and links them to practical governance, risk and product‑design decisions. It also shows how to integrate ESG risks in line with AIFMD/UCITS/MiFID ESG measures and how to align fund disclosures with SFDR and the Commission’s SFDR 2.0 categorisation proposal, without turning the course into a generic ESG seminar. The emphasis is on implementation, documentation and oversight, not on licensing or the new IFA Law.
Register via ERMIS platform using code 658662
Timetable
Who Should Attend
CEOs, Conducting Officers and senior management of AIFMs and self‑managed AIFs.
Compliance, risk and legal officers responsible for AIFMD frameworks and ESG implementation.
Portfolio managers and product structurers of open‑ended and loan‑originating AIFs.
Board members and independent directors of AIFs and AIFMs.
Consultants and advisers working on AIFMD II implementation and ESG/SFDR projects.
Key Learning Objectives
After completing the programme, participants will be able to:
- Summarise the key AIFMD II reforms and their policy objectives (delegation, liquidity management, loan origination, reporting).
- Describe the new framework for loan‑originating AIFs, including leverage limits and closed‑ vs open‑ended rules.
- Explain AIFMD II’s approach to liquidity management tools (LMTs) for open‑ended AIFs and the role of ESMA technical standards.
- Identify the main ESG integration obligations for AIFMs under AIFMD ESG measures and the interaction with SFDR.
- Outline the European Commission’s SFDR 2.0 proposal for fund categories and its expected timing.regulatory and compliance
- Perform a gap analysis of their current AIFMD framework against AIFMD II requirements and build an implementation plan.
- Adjust delegation and oversight arrangements to meet AIFMD II’s expectations without disrupting effective delegation.
- Design or refine a liquidity risk and LMT framework for open‑ended AIFs, including governance, triggers and investor communication.
- Adapt policies and offering documents for loan‑originating AIFs, including leverage, concentration and closed‑/open‑ended design.
- Integrate ESG and SFDR considerations into governance, risk, product documentation and disclosures in a coherent way.
- View AIFMD II and ESG not as separate projects but as interconnected elements of the same governance and risk framework.lexisnexis+2
- Be more willing to challenge legacy product designs and disclosures that are misaligned with AIFMD II or ESG expectations.
- Aim to deliver clear, credible investor communications on risks, liquidity and sustainability, rather than minimal‑compliance disclosures
Course Curriculum
- AIFMD II drivers
- 16 April 2026 deadline
- main reform blocks
- interaction with other EU rules
- impact scoping exercise.
- Delegation and substance clarifications
- impact on outsourcing
- regulator cooperation
- updating oversight frameworks
- case study.
- LMT toolkit and selection
- ESMA guidance
- integrating tools into governance and disclosures
- design exercise for an open‑ended AIF.
- Definition and scope
- closed/open structure rules
- leverage and portfolio limits
- transition
- credit‑fund adaptation case study.
- ESG integration under AIFMD/UCITS/MiFID
- SFDR obligations
- SFDR 2.0 proposal
- aligning strategy and disclosures
- greenwashing controls.
- Implementation planning
- documentation updates
- supervisory themes
- Board/compliance checklist.
Meet the Trainer
Fees & Registration Details
Testimonials From Past Participants
FAQs – Frequently Asked Questions
The 2026 reform provides a significant boost to the industry. According to the Cyprus Tax Department, the abolition of the Deemed Dividend Distribution (DDD) for profits from 2026 onwards removes artificial tax exposure on retained earnings, while the reduction of SDC on dividends to 5% enhances the jurisdiction’s competitiveness.
Fund Management under AIFMD H1001 focuses on the “Brain” of the fund—strategy, governance, ESG, and regulatory oversight. Fund Administration H1002 focuses on the “Engine”—NAV calculation, record-keeping, and the technical mechanics of administration.
Yes. This workshop is accredited for 8 CPD units, satisfying the annual requirements for CySEC certificate holders.
CySEC has intensified its focus on “Greenwashing” risks. In CySEC Circular C752 , the regulator reminds AIFMs of their obligations under the ESMA thematic notes on clear and fair sustainability-related claims, specifically regarding ESG Integration and Exclusion strategies.
The revised AIFMD and UCITS framework (AIFMD II) must be transposed by Member States by 16 April 2026. As outlined in the ESMA Final Reports, this introduces stricter rules on delegation arrangements and the mandatory selection of at least two Liquidity
Other Upcoming Courses
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