Luxembourg submits AIFMD draft bill to parliament
30 August 2012 Luxembourg
Image: Shutterstock
The Luxembourg Finance Ministry submitted the draft bill transferring the AIFMD to Luxembourg’s parliament.
“ALFI strongly believes that the AIFMD presents a welcome opportunity for Europe to create a brand in the alternative investment market, similar to the global brand it has created with UCITS,” said Camille Thommes, director general of the Association of the Luxembourg Fund Industry (ALFI).
“In Luxembourg, alternative funds have been subject to specific regulation aiming at protecting investors and offering flexible structuring opportunities to asset managers for many years. Therefore, the Luxembourg regulator is already familiar with the specific requirements of this industry sector.”
He added that the Luxembourg draft bill incorporates two major features which ALFI believes will be of particular interest to the alternative investment fund community; first, the creation of a limited partnership structure, which may be particularly appealing to investors familiar with such a structure based on the anglo-saxon model, and second, the additional clarifications regarding the taxation regime of the carried interest.
“ALFI strongly believes that the AIFMD presents a welcome opportunity for Europe to create a brand in the alternative investment market, similar to the global brand it has created with UCITS,” said Camille Thommes, director general of the Association of the Luxembourg Fund Industry (ALFI).
“In Luxembourg, alternative funds have been subject to specific regulation aiming at protecting investors and offering flexible structuring opportunities to asset managers for many years. Therefore, the Luxembourg regulator is already familiar with the specific requirements of this industry sector.”
He added that the Luxembourg draft bill incorporates two major features which ALFI believes will be of particular interest to the alternative investment fund community; first, the creation of a limited partnership structure, which may be particularly appealing to investors familiar with such a structure based on the anglo-saxon model, and second, the additional clarifications regarding the taxation regime of the carried interest.
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