Luxembourg newsflash — AIFMD now implemented in Luxembourg
The Luxembourg parliament has adopted the bill of law on alternative investment fund managers, which transposes the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD) into Luxembourg law. The alternative investment fund managers law (AIFM law) will enter into force on the date of its publication in the Mémorial (Luxembourg official gazette), which is expected to be on or around 16 July 2013.
The adoption of the AIFM law is an important step for the development of the alternative investment fund industry in Luxembourg. As a result, Luxembourg alternative investment funds will be able to be distributed to professional investors in Europe with the new passport, thus strengthening the position of Luxembourg as an investment fund centre for international distribution…
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