Amendment of the Luxembourg Investment Funds Legal Toolbox

On 11 July 2023, a law reforming Luxembourg investment funds was adopted by the Luxembourg Parliament with the aim to, notably, improve and strengthen the prominence of Luxembourg as a leading financial hub. The law brings amendments to the five sectorial legal toolboxes guiding the investment funds industry, namely the laws on SICAR, SIF, RAIF, UCI, and AIFM.

In this Alert, we describe the main changes provided by the law, as well as their implications for the Luxembourg investment fund industry.