Investment Fund Analysis & Strategy
What are the consequences to qualify as AIF?
Flexibility?
Set-up and running costs?
PwC
Harmonised EU provisions
I
Belgian provisions (non-public AlFs)
I
I
Regulated AIF
I
Supervision of FSMA
|
Private privak
Supervision of FSMA: Federal Public Service of
Finance **
Instit. Sicav
** No authorisation process with the FSMA, only a light
registration procedure with the Ministry of Finance.
I
FIIS
Regulated Managers :
|
I
|
• Small-size (registered de
Private starter
funds
minimis exemption)
I
⚫ Full size (authorised*)
I
* Need to appoint a depositary bank for
I
the AIF the manager manages
|
I
Specific tax regime
Non regulated AIF
No specific tax
regime
No supervision, no registration
ELTIF
Non AIF :
Holding
Club deal
Family office
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