Luxembourg is once again showing its strength when it comes to adjusting to the evolution of the industry and responding to market demand. The upcoming changes to fund and manager laws are intended to make Luxembourg fund vehicles more attractive.

In the wake of the publication of Regulation (EU) 2023/606 on ELTIF v 2.0, the Luxembourg government has published, on 24 March 2023, the bill of law 8183 updating various laws relating to Luxembourg investment funds and their managers. This bill of law will, amongst other changes: 

  • lower the thresholds of eligibility for « well-informed investors » under SICAR, SIF and RAIF laws from €125,000 down to €100,000;
  • expand the ramp-up period for reaching the minimum capital amount (up to 24 months for SICAR, SIF and RAIF and up to 12 months for Part II funds);
  • extend the legal forms available for Part II funds;
  • allow AIFMs with a MIFID top-up licence to have recourse to tied agents (alignment with UCITS Chapter 15 Mancos); and
  • expand the non-judicial liquidation regime of UCITS Mancos to AIFMs and AIF Chapter 16 Mancos. 

The bill of law will undergo the legislative process and we will provide you with a detailed overview in due course. 

Feel free to get in touch for more information.



Contacts

Claire Guilbert
Claire Guilbert
Partner
Email
claire.guilbert@nortonrosefulbright.com
T: +352 621 747 650
Geoffroy Hermanns
Geoffroy Hermanns
Partner
Email
geoffroy.hermanns@nortonrosefulbright.com
T: +352 (28) 5739805

Industry:

Practice area:

Recent publications

Court building's stone pillars viewed from below

Publication

ECJ confirms public tenders’ restrictions for companies from third countries with no procurement agreement with the EU

EU Member States may allow companies from countries that have not concluded an agreement guaranteeing equal and reciprocal access to public procurement (public procurement agreement) with the EU to participate in public tenders, provided there is no EU act excluding the relevant country.

Global | November 15, 2024

Antitrust and competition
London skyscrapers

Publication

Essential Corporate News – Week ending 15 November 2024

On 11 November 2024, the Financial Reporting Council (FRC) published a consultation document setting out proposed changes to the 2020 UK Stewardship Code (Code).

United Kingdom | November 15, 2024

Corporate, M&A and securities
a chain breaking off into flying birds

Publication

Modern Slavery

Since January 1, 2024, federal legislation in Canada requires companies of a certain size that produce, sell, distribute or import goods into Canada to file a report by May 31 each year regarding the risks of forced labour and child labour in their business and supply chains and the efforts taken to reduce those risks.

Canada | November 2024

Corporate governance
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now