Luxembourg Investment Vehicles

■Legal and regulatory requirements ■ Shareholding ■Reporting requirements ■ Approval and supervision ■ Taxation RAIF only with authorised AIFM Management company requirement FCP It requires an AIFM and a General Partner is also required if set-up as SCA, SCS/SCSp. Supervised Investment Vehicles SCS (AIF) Managed by one or more managers designated in the LPA which can be (but not required to be) a General Partner. SCSP (AIF) Managed by one or more managers designated in the LPA which can be (but not required to be) a General Partner. SICAV/SICAF No - however, the authorised AIFM could be a management company. Registration requirements in Luxembourg Registered office of SICAV/SICAF or of the management company of the FCP must be in Luxembourg. No nationality or residency requirements for directors of funds or management company. Registered office of the SCS must be in Luxembourg. No nationality or residency requirements for the partners (including the General Partner). Registered office of the SCSp must be in Luxembourg. No nationality or residency requirements for the partners (including the General Partner). Minimum requirement that the two conducting officers of the AIFM be located in Luxembourg (unless specific derogation is obtained from the CSSF). Minimum requirement that the two conducting officers of the AIFM be located in Luxembourg (unless specific derogation is obtained from the CSSF). Minimum requirement that the two conducting officers of the AIFM be located in Luxembourg (unless specific derogation is obtained from the CSSF). Luxembourg Investment Vehicles KPMG 17

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