Specialised Investment Funds (SIF) are any undertakings for collective investment situated in Luxembourg. It usually qualifies as alternative investment fund (AIF) and can be sold to well-informed investors. 

Within the meaning of this Law, a well-informed investor is an institutional investor, a professional investor or any other investor who:

• has stated in writing that they adhere to the status of well-informed investor, or
• invests a minimum of 125,000 euros in the specialised investment fund, or
• has been the subject of an assessment made by a credit institution or an investment firm or a management company certifying their expertise, their experience and their knowledge to adequately appraise an investment in the specialised investment fund.

Please note that this is a non-official translation drawn up by Arendt & Medernach for information purposes only. In case of discrepancies between the French and the English texts, the French text, as published in the Mémorial, the Luxembourg official journal, shall prevail.

The expression "coordinated version as of 1 February 2020" includes amendments introduced by the law of 8 April 2019 on the measures to be taken as regards the financial sector in case of withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union, published in Mémorial A No. 238 of 11 April 2019. 

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