ALFI published an opinon on Luxembourg’s Parliament introduction of a new draft law aimed at improving and modernising the country’s investment toolbox, affecting five sectoral laws, namely the laws governing SICARs, SIFs, RAIFs, UCI Part II Funds, and AIFMs.
Some of the proposed changes include extending deadlines to reach minimum capital, offering additional structuring options for UCI Part II funds, allowing AIFMs to use tied agents, reducing the minimum investment capital requirement (from EUR 125000 to EUR 100000) to qualify as a well-informed investor, and administrative simplification.
ALFI welcomes the changes, believing they demonstrate the country’s ability to keep up with new developments and enhance the fund industry’s legislative framework in a highly competitive international environment.
Other Features
AIF
AIFM
own funds
process
RAIF
regulatory
SICAR
SIF
UCI
UCITS
Date Published: 2023-03-24
Regulatory Framework: AIFM Law, SIF Law, UCITS Law, RAIF Law, SICAR Law
Regulatory Type: opinion
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