It refers to UCITS management companies, other management companies, Luxembourg branches of IFMs, self-managed investment companies, authorised Alternative Investment Fund Managers (AIFMs) and internally-managed Alternative Investment Funds (AIFs). Multilateral development banks, family offices and registered AIFMs do not fall into this definition Luxembourg is the biggest and best known domicile for investment funds in Europe and the second most preferred location for investment funds globally after the US. While it is possible to register your own AIFM, this process is long and cumbersome; most funds opt to use an existing licensed AIFM AIFM Registration Authorisation Distribution Substance SIFs and SICARs are AIFs and either need to appoint an alternative investment fund manager (AIFM) or can be self-managed internally. Chapter 15 or 16 ManCos or other companies can apply for an AIFM licence (Super ManCo), which is granted by the CSSF
In Luxembourg, the Directive was transposed into national law on 12 July 2013. Since, the CSSF has published and updates on a regular basis a Frequently Asked Questions (FAQ), providing their views on the implementation of the Directive: The CSSF also publishes the list of Luxembourg and authorized and registered AIFMs on their website According to Article 29 of the Law of 12 July 2013 on alternative investment fund managers (AIFM Law), which transposed into Luxembourg law the provisions of Article 31 of the AIFMD, a Luxembourg based AIFM which intends to market to professional investors in Luxembourg the units or shares of an AIF which is managed by that AIFM and is established in another Member State, must submit a. Through our participation on committees with the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), and the Association of the Luxembourg Fund Industry (ALFI), we work to ensure that Luxembourg continues to offer a highly attractive environment for international groups seeking to set up management companies or AIFMs At this moment the Register collective investment schemes (see below) merely contains an overview of (managers of the) ICBE's. No information on AIFM's is included. At a later time the AIFM's will be included in this register. For a list of AIFMD licensed managers, please see the link placed on top of this page
List of Registers. Third country benchmarks; Benchmarks administrators; Commodities Derivatives Weekly Position Reporting System; Social entrepreneurship funds; Venture capital funds; Financial Instruments Reference Data System; Financial Instruments Transparency System; Exempted Shares under Short Selling Legal Framework; MMF Authorisations. All Luxembourg entities that manage AIFs (based in Luxembourg, in another EU country or outside the European Union) are subject to the AIFM Law and, must be (i) regulated and supervised by, or (ii) at least registered with, the CSSF . The Prime AIFM LUX S.A. was founded as a 100% subsidiary of Prime Capital AG on September 9th, 2016 in order to extend the collective asset management of the Prime Capital group to Luxembourg. The authorizations and admissions to act as an Alternative Investment Fund Manager (AIFM) according to the law of July 12th on Alternative investment. Luxembourg AIFMs and Luxembourg AIFs..... 17 9. Scope of authorised activities of AIFMs - what functions AIFMs are allowed to perform Registered AIFM: AIFM that manages portfolios of AIFs whose assets under management in total do not exceed the thresholds under article 3(2).
A Host AIFM solution is a quick and cost efficient way to achieve their commercial objectives, rather than to go through the process of setting up an AIFM themselves in Luxembourg, especially in light of the detailed infrastructure and personnel requirements as outlined by the CSSF in Circular 18/698 released in August 2018 Investment management (AIFMD, UCITS Directive, MMFR, EuVECA and EuSEF Regulation, ELTIF Regulation) Investment Fund Managers. Register of authorised Alternative Investment Fund Managers (AIFMs) Alternative Investment Funds (AIFs) exposures to commercial real estate. 2017 2018. 201 under management and the features of the fund, the AIFM can be a sub-threshold AIFM or have to be an authorised AIFM •Have to appoint a depositary in Luxembourg -Duties of the depositary will depend on the AIFMD status of the AIFM •Can only invest in assets qualifying as risk capital under the 2004 law. Liquidity can be tailor-made RSM Fund Management Luxembourg is a CSSF regulated third-party AIFM (Alternative Investment Fund Manager) active in the following areas: Real Estate Private Equity Private Debt As a fully compliant and licensed entity, we offer a turnkey solution for fund managers and advisors running Luxembourg-domiciled AIFs (Alternative Investment Funds). We allow clients to quickly access the Luxembourg. AIFM under the AIFMD, responsible for the compliance with the AIFMD as the case may be. The US AIF manager must however be supervised in the US and be submitted the to the Luxembourg management company's due diligence check. Is it compliant with the AIFMD if a US management company delegates i
Authorisation exemptions. Intra-group exemption; De minimis exemption; Intra-group exemption. Article 3(1) of the Directive contains an exemption from authorisation for AIFMs in so far as they manage one or more AIFs whose only investors are (i) the AIFM, (ii) the parent undertakings of the AIFM, (iii) the subsidiaries of the AIFM, or (iv) other subsidiaries of those parent undertakings. The AIFMD introduces a new framework for managers of AIFs. A Luxembourg AIF will have the option to either appoint an AIFM or to decide to be self-managed. EU AIFMs will have the possibility to market Luxembourg AIFs throughout EU via a passport. Non-EU AIFMs will have the possibility to take advantage of the passport under certain conditions The AIFM can be established in Luxembourg, in another EU Member State or in a third country. Risk diversification A RAIF is subject to mandatory risk-spreading, meaning that: 1. A RAIF may not invest more than 30% of its assets or commitments in securities of th Registered AIFs in the legal form of a corporation which do not have the infrastructure of an authorized AIFM are also subject to the requirements of the Law of 1915. These investment funds and in particular their appointed service providers, such as a transfer and registrar agent, are also subject to the provisions of the Law of 1915 and Regulation 12-02
3 Remuneration principles and relevant policy applying as further specified in AIFMD and ESMA Employment law guidelines. Data protection Legislation is based on EU directives. Typically a public limited liability company (société anonyme - S.A.), but other corporate forms are available. When incorporating the AIFM before a Luxembourg notary, the articles of incorporation of the AIFM investment fund managers (AIFMs) and 605 registered (sub-threshold) managers. Many of the large UCITS managers also hold an AIFM license, building on existing expertise and operations to manage both whereby both manager and fund are subject to AIFs and UCITS funds. The Luxembourg government has continued its stron
Moreover, the Luxembourg law of 12 July 2013 on Alternative Investment Fund Managers (AIFM Law) applies. RAIFs investing in short-term assets and having distinct or cumulative objectives offering returns in line with money market rates or preserving the value of the investment must further comply with the requirements of Regulation (EU) 2017/1131 on money market funds Unsurprisingly therefore, while almost 70 percent of real estate asset managers surveyed have a Luxembourg AIFM license, this figure is only 36 percent in the private equity sector. However, even though private equity players' appetite for Luxembourg AIFMs isn't as strong as real estate players', it is nevertheless growing Following a conference addressed to registered (sub-threshold) AIFMs and internally managed non-AIFs, the CSSF published a list of common AML/CFT pitfalls. On 5 December 2019, the CSSF issued a summary of the AML/CFT Conference it held on 3 December 2019
. Together with our Group companies in Luxembourg, we offer a full compliant AIFM service for all common alternative investment asset classes from a single source This brochure contains the amended Law of 12 July 2013 on alternative investment fund managers (AIFM) in French and English. Cette brochure contient la loi modifiée du 12 juillet 2013 relative aux gestionnaires de fonds d'investissement alternatifs (« AIFM ») en français et en anglais
IK Investment Partners AIFM Sàrl has its registered office in Luxembourg, Luxembourg. Its current status is listed as active. The company is registered at the Registre de commerce et des sociétés at the local court of Luxembourg with the legal form of Société à responsabilité limitée (number B 195.447) JTC Global AIFM Solutions SA has its registered office in Luxembourg, Luxembourg. Its current status is listed as active. The company is registered at the Registre de commerce et des sociétés at the local court of Luxembourg with the legal form of Société Anonyme (number B 181.242) Luxembourg fully implemented the AIFMD with the adoption of the AIFM Law on July 12, 2013, an important step in the ongoing development of the alternative investment fund industry and the strengthening of Luxembourg's position as a global investment fund hub . Download brochure. 00 Compare Luxembourg vehicles. authorised AIFM). Registered auditor in principle not required unless the company is an AIF managed by an AIFM with AUM above the threshol On 5 December 2019, the CSSF issued a summary of the AML/CFT Conference it held on 3 December 2019. The conference was specifically addressed to registered AIFMs and internally managed non-AIFs (the Entities)
We are the only third-party alternative investment fund manager (AIFM) in Luxembourg exclusively dedicated to Impact Investment Funds, building on the in-depth knowledge and expertise of Innpact. We work with worldwide leading impact finance actors since more than 12 years About us. IRE AIFM is a third-party alternative investment fund manager (AIFM) directly regulated by the Luxembourg regulator (CSSF) serving EU and non-EU alternative asset managers focused on Private Equity (PE), Real Estate (RE) and Fund of Funds (FoFs) alternative investment funds.. IRE AIFM was founded in 2014 by ImmoFinRe Group, a Multi-Manager Investment Platform founded in 2007 and. Fund Solutions including providing UCITS Management Company and Alternative Investment Fund Manager (AIFM) services are provided by Link Fund Solutions (Luxembourg) S.A., which is authorised by the Commission de Surveillance du Secteur Financier to exercise the activities of (i) collective management according to Article 101(2) of the law of 17 December 2010 relating to UCIs (ii) Authorized. AN INDEPENDENT AIFM AND CENTRAL ADMINISTRATOR FOR YOUR LUXEMBOURG REAL ESTATE FUNDS. As a specialist in the administration of real estate funds, INTREAL is now making its long-standing expertise available to the Luxembourg market.. INTREAL Luxembourg is licensed by the Luxembourg financial supervisory authority, the CSSF (Commission de Surveillance du Secteur Financier), as an independent AIFM.
List your alternative investment fund with us and give your brand greater visibility and a solid reputation within the fund industry. Find information on alternative funds (AIFs), reserved alternative investment funds (RIAFs) as well a compilation of Luxembourg investment fund laws & regulations The AIFMD was transposed into the Luxembourg Law of 12 July 2013 on AIFMs (AIFM Law). Register For News Alerts. Article Tags. Luxembourg Finance and Banking Financial Services Fund Management/ REITs. Related Articles. Financial Regulatory News Updates - April 2021 Loyens & Loeff
The reporting obligations under the AIFM Law apply to AIFMs registered or authorized in Luxembourg, as well as all non-EU AIFMs marketing AIFs in Luxembourg under article 42 of the AIFM Law The RAIF's incorporation or establishment will have to be published in the Luxembourg official gazette, the Mémorial, within ten business days, together with an indication of the name of the appointed AIFM. RAIFs will have to be registered on an official list held with the Luxembourg trade and companies register within 10 business days of. Luxembourg never 'gold plated' the AIFMD, and in Luxembourg law non-EU AIFMs may manage Luxembourg funds, noting that consideration needs to be given to where the services are rendered. Investors in AIFs should benefit from protection similar to that of AIFM clients to whom AIFMs provide the service of individual portfolio management, as in such a case they have to comply with the best execution rules laid down in Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and.
registered with the CSSF and where such AIFM has been performing activities falling under the AIFM Law before 22 July 2013, it is required to register immediately with the CSSF. If as a result of the self-assessment the entity established in Luxembourg qualifies as an AIFM which has to be authorized and where such AIFM has been performing. Luxembourg based Funds. FundRock is a leading independent UCITS Management Company and AIFM (Alternative Investment Fund Manager) with paid up capital in excess of the €10 million capital requirement ceiling. Our state-of-the-art infrastructure, substance and market expertise is built on the solid foundation of the fund ROCK The law on AIFM in Luxembourg applies to a wide range of funds that can be included in the AIFs category, such as hedge funds or real estate funds, but other types of investment vehicles, such as certain categories of collective investment funds.Local and foreign investors who want to open a fund in Luxembourg that falls under the AIFMD regulation can receive in-depth information on the. The AIFMD regulatory framework has been prominent for several years, but it has been evolving recently with increased expectations and its implementations as the Luxembourg regulators in 2018 published a thorough regulation, the circular 18/698, which gave a clear outline of what is expected in terms of substance and governance requirements
Host AIFM and Appointed Representative Services Host AIFM. Langham Hall is regulated in Luxembourg and the UK as a full scope AIFM, providing this service to funds investing in real estate, private equity, debt, infrastructure, and fund of funds Our AIFM team is led by our Managing Director, who for the past 11 years built and managed a 3rd party fund management and AIFM business with funds in Luxembourg and Cayman, with assets including real estate across various sectors, private equity, hedge funds, fund of funds, Life Settlements and other alternative assets IQ-EQ AIF MANCO provides a range of AIFMD regulatory compliant services for (EU and Non-EU) alternative investment fund managers in the areas of risk management, structuring, compliance and external valuation services from the leading European fund centres in Luxembourg, Paris and London Free and open company data on Luxembourg company Equinox AIFM S.A. (company number B202815), 9-11, Grand-Rue L - 1661 Luxembourg
Basic information - Register. Selected Register: Refine searc On June 9 th 2016, the Commission de Surveillance du Secteur Financier (CSSF) issued an updated version- version 10- of its 'Questions & Answers' document on the Alternative Investment Fund Managers Directive (AIFMD).. The updated version provides additional guidance to be taken into consideration by Luxembourg law based and duly authorised alternative investment fund managers of. The Alternative Investment Fund Managers Directive 2011/61 (AIFMD) is the main regulatory framework for non-retail fund managers operating in the European Union. It imposes licensing requirements on fund managers and a broad range of regulatory requirements, including capital requirements, conduct of business rules and restrictions on the ability to market non-retail funds to EU investors The FMA is in particular responsible for reviewing audit and annual reports as well as periodic and incident-related reporting by AIFs and AIFMs. As part of its ongoing supervision, the FMA also conducts management meetings and on-the-spot inspections of AIFMs, risk managers, selling agents, and administrators under the AIFMG
IQ-EQ Fund Management (Luxembourg) S.A. is pleased to announce that it has been granted the alternative investment fund manager (AIFM) infrastructure sub-license by the Luxembourg regulator, Commission de Surveillance du Secteur Financier (CSSF) Les gestionnaires de fonds d'investissement alternatifs. Le parlement luxembourgeois a approuvé, un projet de loi qui vise à mettre en œuvre la directive sur les gestionnaires de fonds d'investissement alternatifs (directive AIFM) en droit nationale le 10 Juillet 2013 Luxembourg, 19 January 2021: Foresight Group LLP (Foresight), a leading independent infrastructure and private equity investment manager, is delighted to announce its latest Alternative Investment Fund Manager (AIFM) office with the opening of its fourth international presence, located in Luxembourg A registered AIFM is a firm that manages alternative investment funds (AIFs), which is exempt from most of the requirements of the Alternative Investment Fund Managers Directive (AIFMD) as implemented into Irish law by the European Union (Alternative Investment Fund Managers) Regulations, 2013 (Irish AIFMD Regulations) on the basis that the registered AIFM satisfies at least.
What is the AIFMD? The Alternative Investment Fund Managers Directive (AIFMD), is a European directive which came into force on July 22, 2013. It prescribes rules for the authorisation, operating conditions and transparency obligations to be applied to alternative investment fund managers (AIFMs) and for the marketing of alternative investment funds (AIFs) to professional investors. Luxembourg financial services regulator CSSF has received a total number of 773 AIFM-related applications - 215 requests for authorisation and 558 requests for registration. Following the processing of the 215 requests for authorisation, 151 entities have been approved as AIFM by the CSSF as at 22 July 2014 Alceda Fund Management, the Luxembourg based structuring specialist, has applied for AIFM status in its home jurisdiction as well as Germany, as part of business development plans. The manager, with some $7bn in assets under management, said the licence application was for its Alceda Asset Management GmbH business in Germany and Alceda Fund Management S.A. in Luxembourg There are two methods which allow the marketing of alternative investment funds (AIFs) in the EU by alternative investment fund managers (AIFMs). The first method is a marketing passport which has been introduced by the Alternative Investment Fund Managers Directive (AIFMD) to allow AIFs to be marketed to professional investors across the EU subject to certain conditions being met
INTREAL Luxembourg übernimmt die Zentralverwaltung. Bereits am Markt etablierte AIFMs können sich ganz auf ihre Kernkompetenzen im Bereich Fondsmanagement und Investorengewinnung konzentrieren und die INTREAL Luxembourg als Zentralverwaltung nutzen. Dabei übernehmen wir alle Aufgaben rund um die Auflage und Administration Ihrer Fonds Free and open company data on Luxembourg company CBRE Global Investors Luxembourg AIFM S.à r.l. (company number B185786), 26-28, rue Edward Steichen L - 2540 Luxembourg Properly licensed AIFM's, obtain the AIFMD Passport, allowing them to offer their services all over the EU. As the AIFM is regulated, the RAIF will be indirectly regulated. While it is possible to register your own AIFM, this process is long and cumbersome, and requires you to hire qualified staff; most funds opt to use an existing licensed AIFM
The fund-specific legislation is rich and mainly composed of the following: the Luxembourg law of 12 July 2013, as amended, on alternative investment fund managers (Luxembourg AIFM Act), implementing AIFMD, as well as the law of 15 June 2004, as amended, on risk capital investment companies (SICARs); the law of 13 February 2007, as amended, on specialised investment funds (SIFs. AIFMD and UCITS Management Company Solutions Waystone is an operator of funds, not just a service provider.; UK Authorised Corporate Director (ACD) Services Our ACD services are designed to meet your specific demands.; Investment Servicing & Trade Execution We have an experienced team of dedicated operations professionals.; Risk Management and Regulatory Reporting We employ a team of.
fund manager (AIFM) license, building on existing expertise and operations to manage both AIFs and UCITS funds. The Luxembourg government has continued its strong commitment to the funds industry, making an important upgrade to the range of fund structures with the creation Number of AIFs between December 2009 and December 2019 of the RAIF Where an AIFM manages one or more AIFs which acquire control over a non-listed company or an issuer, the AIFM should, for a period of 24 months following the acquisition of control of the company by the AIFs, first, not be allowed to facilitate, support or instruct any distribution, capital reduction, share redemption and/or acquisition of own shares by the company in accordance with this. Alternative investment funds - AIFs - Brochure Drawing on the success of its investment funds industry and a cluster of competencies in the structuring and acquisition of international private equity transactions built over a period of more than 20 years, Luxembourg has emerged and is positioning itself as the leading European domicile for alternative investment funds (AIFs) as well Businesses: Pursuing a strategy amidst exceptional times (December 2020). DAC 6 MDR in Luxembourg : One month to go (December 2020). Draft Budget Law 2021: Reduced subscription tax for sustainable investment funds (December 2020). Why customer experience should matter more to private equity firms (December 2020). What does it take to be unstoppable when the world comes to a standstill. 2) Registered AIFMs are exempted from the scope of the Luxembourg law of 12 July 2013 on alternative investment fund managers, as amended, on the basis that assets under management, including any assets acquired through use of leverage, in total do not exceed a total threshold of €100,000,000 or €500,000,000 when the portfolios consist of AIFs that are unleveraged and have no redemption. Under AIFMD, national private placement regimes may only be mandatorily terminated by the EU Commission, from July-October 2018 following: (1) a positive recommendation from ESMA from July 2015 as to the extension of the AIFMD marketing passport to non-EU AIFM; and (2) a separate, positive recommendation from ESMA from July 2018 as to the use of the AIFMD passport as the sole marketing regime.