Luxembourg Investment Vehicles
■Legal and regulatory requirements ■ Shareholding ■Reporting requirements ■ Approval and supervision
■ Taxation
RAIF only with authorised AIFM
Approval process
The creation, launch, documentation, activities
and termination of the RAIF are not subject to
the approval of, or any supervision by, the CSSF.
The RAIF must be managed by an authorised AIFM.
Supervised Investment Vehicles
SCS (AIF)
The creation, launch, documentation, activities and termination of the SCS
are not subject to the approval of, or any supervision by, the CSSF.
The SCS must be managed by an AIFM, if it qualifies as AIF.
SCSP (AIF)
The creation, launch, documentation, activities and termination of the
SCSp are not subject to the approval of, or any supervision by, the CSSF.
The SCSp must be managed by an AIFM, if it qualifies as AIF.
Process for cross-border distribution in Europe
Professional investors:
regulator-to-regulator for initial notification
and subsequent changes.
Other types of well-informed investors:
national marketing rules apply.
Marketing may also be performed by a non-EU AIFM based on
national marketing rules.
Professional investors:
regulator-to-regulator for initial notification and
subsequent changes.
Other types of well-informed investors: national marketing rules apply.
Marketing may also be performed by a non-EU AIFM based on national
marketing rules.
Professional investors:
regulator-to-regulator for initial notification and
subsequent changes.
Other types of well-informed investors: national marketing rules apply.
Marketing may also be performed by a non-EU AIFM based on national
marketing rules.
Luxembourg Investment Vehicles
KPMG
35View entire presentation