With the AIFMD II deadline now behind us, the focus has shifted from understanding the rules to making them work in practice. In this episode of the Legal Zeidgeist, Kate Horgan is joined by Elisa Forletta and Tara Dutta to unpack what’s really changing when it comes to liquidity management tools.

From prospectus disclosures and constitutional document updates to new notification requirements and supervisory expectations, they explore how firms are moving from theory to implementation. The discussion highlights what “good” looks like in practice and why this is more than a compliance exercise, marking a broader shift towards proactive, demonstrable liquidity risk management.