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By Marco Cipolla, Managing Partner SELECTRA Management Company S.A. *
On July 12th, 2013 the Luxembourg Parliament has voted the Bill n° 6471, to transpose the directive 2011/61/EU of the European Parliament and of the European Council of 8 June 2011 on alternative investment fund managers (the AIFMD).
The AIFMD primarily introduces the regime applicable to Alternative Investment Fund Managers (AIFMs). Certain of the provisions of the AIFMD (such as those relating to depositaries, delegation, assets’ valuation and disclosure to investors), however, directly impact alternative investment funds (AIFs) which may already be governed by the Products Laws. The AIFM Law transposes the AIFMD but also implements changes regarding certain Luxembourg regulated...
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