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ARTICLE · 31 JULY 2023

Luxembourg Implements The Modernisation Of Its Fund Toolbox

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On 11 July 2023, the Luxembourg legislator has adopted the bill of Law N°8183 (the Bill) introduced by the Ministry of Finance on 27 March 2023 amending several laws.

LuxembourgFinance and Banking
Marjorie André
Marjorie André
Veronica Aroutiunian
Veronica Aroutiunian
Christophe Boyer
Christophe Boyer
Marc Meyers
Marc Meyers
Jérôme Mullmaier
Jérôme Mullmaier
Frank Van Kuijk
Frank Van Kuijk
Vassiliyan Zanev
Vassiliyan Zanev
Laure Mersch
Laure Mersch
Adrien Anese
Adrien Anese

1. Introduction

On 11 July 2023, the Luxembourg legislator has adopted the bill of Law N°8183 (the Bill) introduced by the Ministry of Finance on 27 March 2023 amending the following laws:

  • the Law of 15 June 2004 relating to the investment company in risk capital (SICAR), as amended (the SICAR Law);
  • the Law of 13 February 2007 relating to specialised investment funds (SIFs), as amended (the SIF Law);
  • the Law of 17 December 2010 on undertakings for collective investment (UCIs), as amended (the UCI Law);
  • the Law of 23 July 2016 on reserved alternative investment funds (RAIFs), as amended (the RAIF Law, and together with the SICAR Law, the SIF Law and the UCI Law, the Product Laws); an

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