---
title: "AIFMD / UCITS — Fund Manager Authority, Risk Management & Investment Limits — KYE Protocol™ coverage"
description: "AIFMD / UCITS — Fund Manager Authority, Risk Management & Investment Limits coverage by KYE Protocol™ — every requirement bijection-mapped to the KYE™ artefact that enforces it."
url: https://kyeprotocol.com/compliance/aifmd-ucits/
lang: en
source: "KYE Protocol"
---

> AIFMD / UCITS — Fund Manager Authority, Risk Management & Investment Limits coverage by KYE Protocol™ — every requirement bijection-mapped to the KYE™ artefact that enforces it.

AIFMD / UCITS — Fund Manager Authority, Risk Management & Investment Limits

# AIFMD / UCITS — Fund Manager Authority, Risk Management & Investment Limits — 100% of in-scope requirements covered.

4 requirements · 4 in scope (4 enforced). The 100% is weighted over the in-scope base.

**Source:** The Alternative Investment Fund Managers Directive (Directive 2011/61/EU, AIFMD) and the UCITS Directive (Directive 2009/65/EC) govern the management of collective investment undertakings in the EU — the authorisation and conduct of fund managers, the permanent risk-management function, investment limits and diversification rules, and recordkeeping / depositary oversight. KYE Protocol™ governs whether an AI-assisted investment decision/action is within the fund's mandate and limits, authorised, evidenced, and final at the action boundary, and proves the basis. KYE™ does not produce investment intelligence, run the risk-management function, judge whether a decision is correct, or act as a fund manager. · **License:** AIFMD (Directive 2011/61/EU) and the UCITS Directive (Directive 2009/65/EC) are EU legislation published in the Official Journal of the European Union. KYE™ registry cites their fund-management constructs for mapping purposes only.

## By category

| Category | Reqs | Enforced | Designed | Advisory | Deferred | Coverage |
| --- | --- | --- | --- | --- | --- | --- |
| Fund manager authorisation & conduct | 1 | 1 | 0 | 0 | 0 | **100%** |
| Risk-management function & limits | 1 | 1 | 0 | 0 | 0 | **100%** |
| Investment limits & diversification | 1 | 1 | 0 | 0 | 0 | **100%** |
| Recordkeeping & depositary oversight | 1 | 1 | 0 | 0 | 0 | **100%** |

## Every requirement → the KYE™ artefact that enforces it

| ID | Title | Status | KYE™ enforcement |
| --- | --- | --- | --- |
| `aifmd-ucits.fund-manager-authorisation-conduct` | Fund manager authorisation & conduct: an AI-generated fund decision proceeds only under recorded named authority | enforced | **rule\_packs**: `kye:rule-pack:investment-decision-authority` **constitution\_refs**: `constitution/36-GOVERNEDUI.md` |
| `aifmd-ucits.risk-management-function-limits` | Risk-management function & limits: the risk / limit basis is recorded as a mandate check before the action | enforced | **rule\_packs**: `kye:rule-pack:investment-decision-authority` **dictionaries**: `internal` **constitution\_refs**: `constitution/25-EDGE-GOVERNANCE.md` |
| `aifmd-ucits.investment-limits-diversification` | Investment limits & diversification: a consequential decision is checked against the fund's recorded investment limits before it proceeds | enforced | **rule\_packs**: `kye:rule-pack:investment-decision-authority` **constitution\_refs**: `constitution/12-PURPOSE-PERMISSION.md` |
| `aifmd-ucits.recordkeeping-depositary-oversight` | Recordkeeping & depositary oversight: replay-provable provenance of the basis on which an AI-assisted fund decision proceeded | enforced | **rule\_packs**: `kye:rule-pack:investment-decision-authority` **dictionaries**: `internal` **constitution\_refs**: `constitution/13-RESILIENCE-LOOP.md` |

Canonical KYE™ surfaces referenced on this page: [KYE Protocol™](https://kyeprotocol.com/).