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ARTICLE · 20 JUNE 2017

Exploiting The AIFM License To Its Full Potential

KPMG Luxembourg
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The AIFM license enables asset managers to manage and market alternative investment funds (AIFs).

LuxembourgFinance and Banking
Dee Ruddy
Dee Ruddy
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What does the AIFM license offer?

The AIFM license enables asset managers to manage and market alternative investment funds (AIFs). It also gifts them with cross-border passporting rights to carry out these regulated activities across all 28—soon to be 27—EU Member States. This passport empowers the AIFM to service investors anywhere in the EU from one licensed entity, under the supervision of its local regulatory authority. In light of these capabilities, many AIFMs in Luxembourg have made the synergy-generating move to combine the AIFM license with the UCITS management company license that enables them to also manage retail UCITS funds with broadly similar regulatory substance requirements.

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