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ALFI welcomes the publication of a draft law[1] relating to a new Luxembourg alternative fund structure, the Reserved Alternative Investment Fund (RAIF). The bill will run through the usual legislative process and is therefore still subject to change. A final text of the law might be adopted in the second quarter of 2016. Denise Voss (picture), Chairman of ALFI, explains: "The future Luxem-bourg RAIF Law will provide an additional - complementary - alternative investment fund regime which is similar to both the Specialised Invest-ment Fund and SICAR regimes."
Currently Luxembourg rules not only require the Luxem-bourg Alternative Investment Fund Manager (AIFM) to be authorised and regulated by the CSSF but also require the Alternative Investment Fund (AIF), usually a...
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