27/02/2018
Luxembourg today (at the end of January 2018) boasts 319 Mancos, of which 68 are Chapter 15 UCITS Mancos, 108 are AIFMs, 95 have both statuses (so-called dual Mancos) and 48 are a combination of simple and dual Mancos which have chosen to adopt in addition a MiFID license, as foreseen by Article 101 (3) of the UCITS law of 2010 and Article 5 (4) of the Law of 2013 on AIFMs. For the latter more than any other management companies, the MiFID monster is here again to scare the compliance staff.
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