On 11 July 2023, the Luxembourg Parliament voted with an
absolute positive majority on the bill of law 8183 which was
proposed by the Luxembourg Government on 24 March 2023. The bill of
law 8183 is expected to come into law very shortly (the
"Modernisation Law").
The Modernisation Law, as soon as published, will amend the
following key laws regulating investment funds and their managers
in Luxembourg:
- the Luxembourg Law of 17 December 2010 on undertakings for
collective investment, as amended (the UCI Law)
- the Luxembourg Law of 15 June 2004 on investment companies in
risk capital, as amended (the SICAR Law)
- the Luxembourg Law of 13 February 2007 on specialised
investment funds, as amended (the SIF Law)
