AIFMD II, DORA and a thickening retail regime all landed on the same desk
European asset managers are running AIFMD II, UCITS, DORA, MiFID II and SFDR as one workload, not five. Ace brings a focused change team. RegAI Helia reads the texts, structures the obligations and maps them to your controls. You get a position you can defend to the AFM and to your executive committee.
The 2026 landscape
Four pressures, arriving together, on the same legal, compliance, operations and product teams.
AIFMD II
Applicable since 16 April. The bar rises on liquidity management, loan origination, delegation, depositary structures and pre contractual transparency, and UCITS managers are pulled into a meaningfully tighter regime. The Netherlands, Luxembourg and Germany transposed early. Other Member States land through the year, so cross border managers face patchwork supervisory expectations.
DORA
Fully applicable. The AFM and ESMA are pressing on third party ICT register quality, concentration risk and incident classification. The register is only as good as the evidence behind it.
MiFID II, MiFIR and the retail regime
The MiFID II and MiFIR review is rolling through with a consolidated tape. The Retail Investment Strategy reshapes product governance and value for money. ELTIF 2.0 is already changing the long term fund landscape.
SFDR and the AI Act
The SFDR review is live, and the question of an SFDR 2.0 with it. From August 2026 the AI Act’s high risk regime reaches investment advice, suitability and selected risk management models. Underneath it all runs the continuous EBA, ESMA and AFM technical standard pipeline.
How Ace helps
Two offerings. Consulting on the ground, in focused teams. And Helia, our regulatory intelligence platform.
What you can plan around
What the work leaves behind, on the day after we leave.
Let us take you further
Schedule a 30 min call. No slide decks. Just a practical assessment of your needs and how we can help.