06.11.2025

ESMA Final Report on RTS on open-ended loan originating AIFs under the AIFMD

PDF

On 21 October 2025, the European Securities and Markets Authority (ESMA) published its final draft regulatory technical standards on open-ended loan-originating AIFs under AIFMD (the “RTS”). The RTS are the result of a consultation process undertaken in the context of Directive (EU) 2024/927 (also known as “AIFMD II”), more specifically the newly introduced loan origination regime by AIFMD II, and seek to determine the requirements that loan originator AIFs must meet in order to maintain an open-ended structure.

Ihr/e Ansprechpartner
Ofeliia Assa, LL.M., CAIA

Ofeliia Assa, LL.M., CAIA
Partnerin
Frankfurt a.M.
ofeliia.assa@luther-lawfirm.com
+49 69 27229 24670

Claudia Hoffmann

Claudia Hoffmann
Partnerin
Luxemburg
Claudia.hoffmann@luther-lawfirm.com
+352 27484 1

Dr. Daniel Krauspenhaar

Dr. Daniel Krauspenhaar
Partner
Luxemburg
daniel.krauspenhaar@luther-lawfirm.com
+352 27484 1

Sascha Wiemann

Sascha Wiemann
Senior Associate
Luxemburg
sascha.wiemann@luther-lawfirm.com
+352 27484 1