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ARTICLE · 15 FEBRUARY 2011

Luxembourg Becomes First To Transpose UCITS IV Into National Law

Since early days, Luxembourg has always been at the forefront of financial regulations and maintained a solid reputation as a pioneer jurisdiction for investment funds.

LuxembourgStrategy
Laurent Fessmann
Laurent Fessmann
André Pesch
André Pesch
Julie Thai
Julie Thai

Since early days, Luxembourg has always been at the forefront of financial regulations and maintained a solid reputation as a pioneer jurisdiction for investment funds. Luxembourg is now the first EU member state to implement Directive 2009/65/EC ("UCITS IV") through the new law on undertakings for collective investment voted by Parliament on December 16, 2010.

UCITS IV: A Toolbox of Opportunities

With the aim to address structural inefficiencies in the European funds market, the "UCITS IV Toolbox" as introduced by the new law will bring about the main following changes:

  • A harmonized framework for fund mergers and master-feeder structures
  • Streamlined fund notification and optimized distribution procedures

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