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7 Luxembourg

Gilles Dusemon, Victorien Hémery, Myriam Moulla

From: Alternative Investment Funds in Europe

Edited By: Lodewijk van Setten, Danny Busch

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 09 May 2021

Subject(s):
Supervision — Alternative Investment Fund Managers Directive (AIFMD) — Alternative investment fund — Undertakings for Collective Investment (UCIs) — Hedge fund — Advertising and marketing and funds — Performance fee — Classification of UCIs
7.01 Luxembourg has gradually emerged as the EU’s main investment funds domicile, starting off as a retail fund centre as of 1988. The main investment fund legislation was introduced in 1988 when Directive 85/611/EC1 (the ‘UCITS I Directive’) was transposed into Luxembourg law.2 Luxembourg was the first European Member State to implement the UCITS I Directive into domestic law. 7.02 The transposition followed a particular pattern, which has since been replicated in other parts of the Luxembourg investment funds legislation. The Luxembourg implementing law of the...
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