Welcome to the January 2026 edition of our Asset Management & Investment Funds Update.
In this month’s edition we look at:
- Key Dates & Deadlines: Q1 2026
Stay ahead of upcoming deadlines and key dates with our legal & regulatory tracker. - Updated ESMA guidelines on liquidity management tools for UCITS & open-ended AIFs under AIFMD 2.0
- ESMA has revised its guidelines on LMTs for UCITS and open-ended AIFs (LMT Guidelines). On 15 April 2025 ESMA issued LMT Guidelines alongside regulatory technical standards (RTS) to determine the characteristics of LMTs available to AIFMs managing open-ended AIFs and to UCITS.
- Guidelines for ESG-related terms in fund names: ESMA reviews impact
ESMA released research on 17 December 2025 assessing the impact of its fund naming guidelines on ESG and sustainability-related terms. - European Commission opens consultation on SFDR 2.0
The European Commission has published a consultation on the SFDR 2.0 proposals issued on 20 November 2025. - EC markets Integration and Supervision: Key proposals for investment funds
The European Commission published its much-anticipated Market Integration and Supervision Package on 4 December 2025. The measures are wide-ranging. In this article we note some key proposed changes to AIFMD, the UCITS Directive and the Cross-border Distribution of Funds Regulation (CBDR). - Updated ESMA Q&As – exclusions
ESMA published updated Q&As for AIFMs and UCITS including one clarifying the exclusion related to UNGC/OECD Guidelines. - ESMA publishes 2024 data on cross-border investment activity of firms
ESMA published data gathered from investment firm across 30 jurisdictions in the EU/EEA.
Click the pdf below to download our full briefing.
