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Luxembourg prepares for central role as AIFMD finally takes effect

July 2014 - Finance. Legal Developments by Chevalier & Sciales .

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As, after more than four years of preparation, the European Union's Alternative Investment Fund Managers Directive takes full effect for existing managers, Luxembourg finds itself in the position it wanted to be in - ideally placed to become a domicile and servicing platform for alternative funds distributed across borders in the same way that it has become for traditional retail funds under the UCITS regime.

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