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Bank of Italy Regulations for the Transposition of the AIFMD II Directive and the Implementation of the Consolidated Law on Finance

Public consultation

Tuesday, july 14, 2026

The document examines the key issues of interest to the real estate fund market, offering proposals and requests for clarification on topics such as OpCos in real estate AIFs, the deadlines for achieving the typical investment, the regulations governing credit AIFs, ELTIF 2.0, mechanisms for engaging with the authorities, and the scope of services that asset management companies (SGRs) may provide to securitization special purpose vehicles.