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On 16 April 2026, key provisions of the German Fund Risk Limitation Act (FRiG) came into force. Its primary aim is to limit risks arising from investment funds and to transpose the European requirements of the AIFMD II Directive into German law. The FRiG will significantly tighten regulatory requirements and pose considerable challenges for fund management companies. The provisions of the AIFMD II Directive regarding risk and liquidity management necessitate the implementatio