AIFMD II Level 1 and 2 consolidated text

The consolidated text of AIFMD Level 1 and 2, as amended by the AIFMD II and other EU legislation prepared by A&O Shearman includes changes from the Securitisation Regulation, Cross Border Funds Directive and SFDR.

Amendments introduced by AIFMD II at Level 1 are highlighted in green (for additions) and red (for deletions), thus precisely indicating AIFMD II's impact and providing a steer for practitioners to navigate the text. Level 2 AIFMD and other Level 2 applicable EU legislation are included in textboxes or are annexed as exhibits.