In Luxembourg the bill of law transposing the Alternative Investment Fund Managers Directive (AIFMD) was submitted to the Luxembourg Parliament on 24 August 2012 and the Luxembourg law is expected to be passed by Parliament before the end of the year. In the meantime, the level 2 measures was expected shortly at European level.
On the other hand, the investment rules applicable to UCITS was revisited through the recent ESMA guidelines which will soon impact the industry; the topic was also in the spotlight in the UCITS VI consultation paper. Luxembourg regulatory developments in terms of substance was also expected.
These new sets of rules certainly represented new opportunities but also a considerable challenge for the fund industry in Luxembourg and abroad.
To help you to properly address these challenges, the partners of Arendt & Medernach were pleased to invite you to a seminar dedicated to the practical implications of these rules.
Please find attached the conference slides.