On 24 March 2023, the Luxembourg parliament (Chambre des Députés) published a draft bill of law amending the five existing laws about investment funds in Luxembourg (the “Bill”):
The law of 15 June 2004 relating to the investment company in risk capital (“SICAR“) (the “Law of 2004“), the law of 13 February 2007 on specialised investment funds (“SIF“) (the “Law of 2007“), the law of 23 July 2016 on reserved alternative investment funds (“RAIF“) (the “Law of 2016“), the law of 17 December 2010 relating to undertakings of collective investment (“UCI“) (the “Law of 2010“) and the law of 12 July 2013 on alternative investment fund managers (“AIFM“) (the “Law of 2013“).
The objective of the Bill is to improve and introduce more flexibility to the Luxembourg investment funds toolbox.
The GSK Update provides further insights regarding the Bill.
