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ARTICLE · 22 DECEMBER 2023

Modernisation Of The Luxembourg Fund Toolbox

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The Law of 21 July 2023 amending the UCI Law, the SIF Law, the SICAR Law, the AIFM Law and the RAIF Law (together the "Product Laws") has been published. By amending these laws...

LuxembourgFinance and Banking
Emmanuel Nze
Emmanuel Nze
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The Law of 21 July 2023 amending the UCI Law, the SIF Law, the SICAR Law, the AIFM Law and the RAIF Law (together the "Product Laws") has been published. By amending these laws, Luxembourg aims to improve and modernise its fund toolbox as well as increase the attractiveness and competitiveness of the Luxembourg financial centre. This law not only harmonises the rules of the Product Laws, but also responds to business requirements.

The main changes to the Product Laws are:

" Change of investor threshold in the SICAR, SIF, and RAIF Laws

" Extension of the ramp up period to reach 24 months for SICARs, SIFs and RAIFs and 12 months for Part II funds

" Possibility for Part II SICAV to set up as SCS, SCSp, Sàrl, SCS and SA

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