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ALFI welcomes the publication of a draft law[1] relating to a new Luxembourg alternative fund structure, the Reserved Alternative Investment Fund (RAIF). The bill will run through the usual legislative process and is therefore still subject to change. A final text of the law might be adopted in the second quarter of 2016. Denise Voss, Chairman of ALFI, explains: "The future Luxembourg RAIF Law will provide an additional - complementary - alternative investment fund regime which is similar to both the Specialised Investment Fund and SICAR regimes."
Currently Luxembourg rules not only require the Luxembourg Alternative Investment Fund Manager (AIFM) to be authorised and regulated by the CSSF but also require the Alternative Investment Fund (AIF), usually a Part II UCI, a...
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