Spotlight on Liquidity Management Tools

AIFMD 2.0 & UCITS 6: the rules have landed. Now comes the hard part

The new liquidity management rules under AIFMD 2.0 and UCITS 6 went live in April 2026, but meeting the deadline was only day one. The real challenge is deployment: calibrating swing factors, modelling liability-side behaviour, and treating LMTs as a matter of governance rather than a compliance checkbox.

In this roundtable, hosted by RiskConcile, senior figures from Aberdeen, Northern Trust, Fieldfisher, Ascender Fund Partners, Amova Asset Management and RiskConcile discuss what "day two" really looks like, from the data granularity regulators now expect to why activating a gate is no longer a signal of distress.