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On 24 July 2024, bill of law 8425 (the "Bill of Law") was filed with Luxembourg Parliament.

The most common route for U.S. fund managers (USFMs) to raise capital from EU HNWIs is to establish a fund under the Luxembourg Part 2 UCI regime, optionally with an ELTIF label to notably benefit from the repute of this label, as well as from an EU marketing passport for retail investors