ARTICLE
3 February 2014

Transitional Provisions Applicable To Existing AIFMs And AIFs

W
Wildgen

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Founded in 1923, the Wildgen business law firm is one of the most renowned legal practices in Luxembourg. A full-service independent law firm, Wildgen focuses its activities on company law, banking and financial law, funds and taxation. It has grown steadily, with a long and solid tradition in cross-border transactions and an extensive international network of specialists and consultants.
As recently announced on our website, the Commission de Surveillance du Secteur Financier has issued on 10th January an updated version of the frequently asked questions relating to the Luxembourg Law of 12th July 2013 on alternative investment fund managers.
Luxembourg Finance and Banking

As recently announced on our website, the Commission de Surveillance du Secteur Financier (CSSF) has issued on 10th January an updated version of the frequently asked questions relating to the Luxembourg Law of 12th July 2013 on alternative investment fund managers (the AIFM Law).

Among some other points, the CSSF has stated - despite the legal framework relating to transitional provisions applicable to Luxembourg AIFMs as well as to AIFs under the AIFM Law performing activities under this law prior to 22 July 2013 and having in principle time to regulate the authorisation process until 22 July 2014 - that  it invites:
 

  • any concerned AIFMs to submit the relevant authorisation file; and
  • any concerned AIFs to submit the relevant information file;

as soon as possible and at the latest by 1 April 2014 already.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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