Back to Press ReleasesGREEN LIGHT ON NEW LEGISLATION CONCERNING ‘SPECIALIZED INVESTMENT FUNDS’
February 2007: Parliament in Luxembourg has adopted the new law on ‘Specialized Investment Funds’ (SIF) replacing the existing law of July 19th 1991 on undertakings for collective investment (UCI) for institutional investors. The new law which was put in place earlier this week (13th February) has included a specific provision clarifying that it will also enter into force immediately to provide a smooth transition from the current law which will effectively expire. To follow is a brief resume of the main changes.
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