Introduction to luxembourg collective investments

Content

I. Legal Context

A. European Context
B. The Luxembourg Regulations:
1. The law of 30 March 1988 - Part I
2. The law of 30 March 1988 - Part II
3. The law of 30 March 1988 - Parts III and IV
4. The law of 19 July 1991
5. The IML Circular of 21 January 1991
6. References to the law of 10 August 1915
II. Different Types of Luxembourg UCI

A. The "FCP" - Collective investment fund
B. The "SICAV" - Investment company with variable capital.
C. The "SICAF" - Fixed capital investment company
III. The Various Actors in a UCI Structure

A. The management company and the board of directors
B. The depositary and the paying agent
C. The central administration
D. The registrar and transfer agent
E. The listing agent
F. The investment manager and investment adviser
G. The auditor and the legal adviser
IV. The Supervisory Authority
V. Practical Issues with regard to the implementation of a UCI

A. Compatibility between services rendered and needs of the UCI
B. Account opening
C. Tax considerations
D. Formation expenses
E. Marketing and distribution
F. Clearstream - Euroclear
VI. Developments

A. Pooling - Cloning
B. Simplification of the information to investors
C. Internet






Todays Date: 8 September 2017
Duration 1 day