specialised investment funds law passed by luxembourg parliament
Luxembourg has moved to attract more funds business, with the adoption of a law for Specialist Investment Funds. The law, adopted by the Luxembourg Parliament last month, has been welcomed by the Association of the Luxembourg Fund Industry (Alfi). It is a step on from the law relating to collective investment schemes reserved for institutional investors, in that it offers a broader definition of eligible investors to include both professional and private "well informed" investors. The law requires that the directors of a Specialised Investment Fund, as well as the directors of the custod...
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