What is AIFM Luxembourg?

What is AIFM Luxembourg?

An Alternative Investment Fund Manager (AIFM) is any legal person whose regular business is managing one or more alternative investment funds (AIFs). AIFMs are governed by the Law of 12 July 2013 on alternative investment fund managers.

Is an AIFM regulated?

The Alternative Investment Fund Managers Directive (AIFMD) is a regulatory framework that applies to EU-registered hedge funds, private equity funds, and real estate investment funds.

What does an AIFM do?

An AIFM is defined as an entity that provides, at a minimum, portfolio management and risk management services to one or more AIFs as its regular business irrespective of where the AIFs are located or what legal form the AIFM takes.

What is an AIFM ManCo?

Launch and operate your fund efficiently through our full-scope AIFM licence and ManCo offering. The Alternate Investment Fund Managers Directive (AIFMD), sets high standards of business conduct for managing an EU fund, and prescribes various requirements. …

What is a full scope AIFM?

full-scope UK AIFM means a UK AIFM which has a Part 4A permission to carry on the regulated activity of managing an AIF and is not a small authorised UK AIFM; Sample 1.

Are Aifms regulated?

While AIFMD no longer binds the UK in its implementation, the UK has put in place a domestic regime regulating the management and marketing of AIFs in the UK, which generally maintains the rules set out in AIFMD as implemented at the end of the Transition Period.

What are AIFM fees?

Management fee: the range varies according to strategy, size, targeted market, etc. and generally it is 0.03% to 0.12% of net assets for AIFM. Depositary: generally 0.05% – 0.1% of net asset value. Minimum amounts and reduced fee rates for certain asset levels may apply.

What does a fund ManCo do?

ManCos provide an infrastructure for Ucits funds and EU-regulated alternative managers to distribute investment products across the continent. ManCo providers offer gateways to the EU for funds and firms outside of it – and there’s little doubt that many have an eye on the UK market post-Brexit.

Can an AIFM manage a Ucits?

Article 6(2) AIFMD specifies that the only additional authorisation that an AIFM can obtain is an authorisation to act as a UCITS management company.

Is a small AIFM a MiFID firm?

Small authorised AIFMs. Small authorised AIFMs, which do not perform additional activities other than managing an AIF, will be affected by MiFID II to the extent that the FCA chooses to extend MiFID II requirements to these firms.

Can a MiFID firm be an AIFM?

MiFID Top-Up permissions enable an authorised AIFM to manage and market discretionary mandates, or market and provide investment advice regarding funds not currently managed by such AIFM, thereby significantly expanding the scope of its operations.

What is the electronic version of the AIFM Law?

By using the electronic version, you will have direct access to the corresponding article in the AIFM Law, the AIFMD (consolidated with the Level 2 AIFM Regulation), together with links to additional Level 2 AIFM measures, ESMA Guidelines and Q&As published by the EU Commission, ESMA and the CSSF.

What is the law on Alternative Investment Funds (AIFMs)?

AIFMs are governed by the Law of 12 July 2013 on alternative investment fund managers.

Can the AIFM appoint its own valuers?

The Law of 2013 stipulates that the AIFM may either perform itself the valuation function (article 17(4)(b) of the Law of 2013) or appoint one or several external valuers (article 17(4)(a) of the Law of 2013). LUXEMBOURG LAW OF 12 JULY 2013 ON ALTERNATIVE INVESTMENT FUND MANAGERS – FAQ. Version: 17 –January 2021 59/85.