Search
Contact
17.01.2019 | KPMG Law Insights

Directive on Alternative Investment Fund Managers

Directive on Alternative Investment Fund Managers

On January 10, 2019, the European Commission published the report commissioned from KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) on the functioning of the provisions of the “Alternative Investment Fund Managers Directive” (or AIFMD for short).

A cross-service team of specialists from KPMG Law, led by Ulrich Keunecke, KPMG AG Wirtschaftsprüfungsgesellschaft, in particular the KPMG EU Services Team led by Olaf Buske, as well as the global KPMG network had been investigating the impact of the AIFMD on the asset management market for the last 15 months on behalf of the EU Commission. The background to this is the requirement of Art. 69 AIFMD, according to which the EU Commission is called upon to review the AIFMD with regard to its achievement of objectives in the light of application experience. The report is an important part of this review.

Great thanks go to the national regulators for their support and to all participants in the online survey and expert interviews.

The official release notice and report can be viewed at the following link:

https://ec.europa.eu/info/publications/190110-aifmd-operation-report_en

Explore #more

11.09.2026 | KPMG Law Insights

The Procurement Acceleration Act and Sustainable Procurement: What Is Permitted and What Is Required?

The Public Procurement Acceleration Act took effect on July 1, 2026. The Act implements the reform of public procurement law that has been under discussion…

08.09.2026 | Deal Notifications

KPMG Law advises the shareholders and management of KODIAK on the sale of shares and the strategic partnership with Bencis

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) advised the shareholders and management of KODIAK GmbH (KODIAK) on the sale of shares to Bencis and the establishment…

07.09.2026 | In the media

KPMG Law advises Bosch Rexroth on the sale of its Active Shuttle product business to Neura Robotics

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) has provided legal counsel to Bosch Rexroth AG (Bosch Rexroth) in the sale of its product business related to…

31.08.2026 | In the media

Op-Ed in the Börsen-Zeitung – Interim Assessment of the European Crypto Regulation MiCAR

A year and a half after MiCAR took effect, it is clear that, despite European guidelines, there are still misunderstandings regarding the requirements. KPMG Law…

19.08.2026 | In the media

KPMG Law Interview in HAUFE: Even If AI Makes a Mistake, the Board of Directors Is Still Liable

AI analyzes, makes recommendations, and helps make decisions. But who bears the consequences if it makes a mistake? KPMG Law experts Vincent Manthey and Sabrina

19.08.2026 | In the media

KPMG Law Article in Bloomberg Tax: Germany’s Tax Crime Action Plan Pushes the Boundaries of the Constitution

The new 26-point action plan against tax and financial crime, issued by Germany’s finance and justice ministries, signals a shift toward tougher sanctions, closer interagency…

13.08.2026 | KPMG Law Insights

Federal Ministry of Finance Presents Draft Bill on Mandatory Use of Electronic Cash Registers and Combating Tax Evasion

In July 2026, the Federal Ministry of Finance (BMF) and the Federal Ministry of Justice (BMJV) presented an action plan to combat tax and financial

11.08.2026 | In the media

Guest article in *Versicherungsmonitor* on the topic of cyber claims regulation

Cyberattacks—particularly ransomware campaigns—pose challenges for insurers when it comes to claims settlement. When entire IT infrastructures at insured companies come to a standstill and the…

11.08.2026 | KPMG Law Insights

Transparency Requirements Under Article 50 of the AI Act: Companies Should Address These Questions Now

The transparency requirements of the EU AI Act have been in effect since August 2, 2026. These obligations apply to chatbots, AI assistants, avatars, synthetic…

10.08.2026 | In the media

Op-Ed on the Procurement Acceleration Act and Sustainable Public Procurement

On April 23, 2026, the Bundestag passed the Act on Accelerating the Award of Public Contracts. After the Act was published in the Federal Law…

Contact

Sigrid Karin Aguilar Alvarez

Senior Manager

Münzgasse 2
04107 Leipzig

Tel.: +49 341 22572551
saguilar@kpmg-law.com

Dr. Ulrich Keunecke

Partner
Head of Sector Legal FS Asset Management
Head of Sector Legal FS Insurance

Heidestraße 58
10557 Berlin

Tel.: +49 30 530199 200
ukeunecke@kpmg-law.com

© 2026 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

Scroll