On 6 March 2012, the Luxembourg Parliament passed bill of law No. 6318 (the “Law”) amending the Luxembourg law of 13 February 2007 on specialised investment funds. The Law foresees several important changes to the regime governing specialised investment funds or “SIFs”, one of Luxembourg’s most popular collective investment schemes among fund initiators and sophisticated investors, as evidenced by the almost 1,400 structures currently in existence.
The SIF’s success is based on the product’s features which combine prudential supervision with a multipurpose and flexible legal and regulatory regime.
For the complete report and changes resulting from the law, click here.