Luxembourg Investment Vehicles
■Legal and regulatory requirements ■ Shareholding ■Reporting requirements ■ Approval and supervision
Supervised Investment Vehicles
■ Taxation
RAIF only with authorised AIFM
Valuation principles
Assets are to be valued at fair value unless
provided for differently in the constitutive documents or
management regulations.
Financial reports
Audited annual report is required within 6 months of the year-
end.
No semi-annual report is required.
SCS (AIF)
Assets must be valued as provided in for in the LPA or management
regulations and as per the applicable accounting standards, i.e. fair value
or historic cost.
SCS (AIF) must prepare annual accounts within six months of the year
end. Audited annual report is required within 6 months of the year-end.
No semi-annual report is required.
SCSP (AIF)
Assets must be valued as provided in for in the LPA or management
regulations and as per the applicable accounting standards, i.e. fair value
or historic cost.
SCSP (AIF) must prepare annual accounts within six months of the year
end. Audited annual report is required within 6 months of the year-end.
No semi-annual report is required.
If a closed-ended fund is listed on an EU regulated market the
requirements may be different (if listed on LuxSE, an audited
annual report is required within 4 months of the year-end and a
semi-annual report is due within 3 months of the 6 month period-
end).
Luxembourg Investment Vehicles
KPMG
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