This Wednesday, the Luxembourg Parliament enacted the law regarding alternative investment fund managers (AIFM Law), which implements in Luxembourg the Alternative Investment Fund Managers Directive 2011/61/EU (AIFMD).
Subject to some exemptions, the AIFM Law applies to all legal persons incorporated under Luxembourg law, whose activity consists in managing one or several alternative investment funds (AIFs) regardless of the location of those AIFs (in the European Union or outside) or of their legal form and structure.
Luxembourg alternative investment fund managers falling within the full scope of the AIFM Law shall seek authorisation from and be regulated by the Commission de Surveillance du Secteur Financier (CSSF), the Luxembourg financial supervisory authority.
For further details, please refer to the full article.
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.
