Luxembourg legal update, March 2013: AIFMD implementing measures — the delegated regulation
This section of Arendt & Medernach’s Luxembourg legal update for March 2013 looks at the delegated regulation supplementing Directive 2011/61/EU of the European parliament and of the council with regard to exemptions, general operating conditions, depositories, leverage, transparency and supervision.
The Delegated Regulation will be directly applicable in all Member States subject to a three-month scrutiny period by the European Parliament and the Council, after which the Delegated Regulation will enter into force on the twentieth day following its publication in the Official Journal of the European Union, if no objections were raised. The Delegated Regulation shall apply from 22 July 2013.
Topics covered by the Delegated Regulation include, inter alia, the calculation of assets under management and leverage, additional own funds requirements and professional indemnity insurance, operating conditions (including risk and liquidity management), delegation of AIFM functions, depositaries’ duties and liabilities, valuation, transparency and third-country rules. Due to the plethora of issues addressed by the Delegated Regulation, we will focus on those we consider of particular interest to stakeholders from a Luxembourg perspective…
If you are registered and logged in to the site, click on the link below to read the rest of the Arendt & Medernach briefing. If not, please register or sign in with your details below.
News from Arendt & Medernach
Briefings from Arendt & Medernach
The Arendter — September 2014: private foundations; MiFID II; cross-border AIF distribution; and more
Discover the second issue of Arendt & Medernach’s magazine The Arendter. This publication will give you a quick overview of key topics related to your daily business.
On 5 September 2014, the Luxembourg and French finance ministers signed a fourth amendment to the Luxembourg-France Double Tax Treaty dated 1 April 1958.