Chevalier & Sciales


Luxembourg’s AIFMD transposition law receives parliamentary approval

The draft legislation transposing the European Union’s Alternative Investment Fund Managers Directive into Luxembourg law was approved by the grand duchy’s Chamber of Deputies on the morning of Wednesday 10 July.

With the deadline of 22 July for member states to adopt the directive into national law approaching fast, Luxembourg is now set to become one of a minority of EU countries to implement the AIFM Directive on time.

The government has requested a dispensation from proceeding with the optional second vote on the legislation in the Chamber of Deputies. According to the expected timetable, the legislation will receive the assent of Grand Duke Henri and be published in the official gazette, the Mémorial, on 17 July, after which it will become law…

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