Foren in 'Product Types and Designs' | ||||
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Domicile of Funds The issue of where a fund is domiciled is one that investors have usually left to the investment management group, but competition among the major jurisdictions has become so hot that location will play an increasing part in the choice.
Unterforen: France, Germany, Italy, Ireland, Luxembourg, Malta, Netherlands, Spain, Sweden, Switzerland, United Kingdom |
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UCITS (Undertakings for Collective Investment in Transferable Securities) regulated and supervised fund vehicle
Unterforen: Standardised Model Prospectus for UCITS (by CSSF), ETF (Exchange Traded Fund), Guarantee Fund, MMF (Money Market Fund) |
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AIF (Alternative Investment Fund) regulated and, in some cases, supervised fund vehicle
Unterforen: ELTIF (European Long Term Investment Fund), Part II Fund, SICAR (Société d'Investissement en Capital à Risque), SIF (Specialized Investment Fund), RAIF (Reserved Alternative Investment Fund) |
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Unregulated Investment Vehicles Unregulated investment vehicles are mainly governed by the Law of 10 August 2015 on commercial companies, as amended. Various types of vehicles are available. No need for CSSF supervision.
Unterforen: S.A. (Société Anonyme), SAS (Société par Actions Simplifiée), S.à r.l. (Société à Responsibilité Limitée), SCA (Société en Commandite par Actions), SNC (Société en Nom Collectif), SCS (Société en Commandite Simple), SCSp (Société en Commandite Spéciale), SCOP (Société Coopérative), SCoSA (Société Coopérative organisée sous forme de Société Anonyme) |
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Legal Forms for UCI in Luxembourg When registering a vehicle as UCI in Luxembourg, investors can set up their funds in the form of three legal structures with different characteristics.
Unterforen: FCP (Fonds Commun de Placement), SICAF (Société d’Investissement à Capital Fixe), SICAV (Société d’Investissement à Capital Variable) |
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Bearer Shares and Units On 26 January 2015, the CSSF published Press Release 15/09 in which Luxembourg issuers of bearer shares and units were reminded of the final deadline for appointing a depositary in accordance with the Law of 28 July 2014 concerning the compulsory deposit and immobilisation of shares and units in bearer form.
On 27 March 2015, the CSSF published its Press Release 15/16 alerting holders and issuers of bearer shares and units regarding further action to be taken by each of them pursuant to the Law. |
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Islamic Finance | - | - |
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Liquidation Unterforen: Non-judicial Liquidation of a UCITS |
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