Details
- Unique coverage of the regulatory framework in the second largest funds centre in the world
- Comprehensive and systematic account of the European law and national regulations applicable to Luxembourg funds
- Provides guidance on the key EU Directives relating to collective investments; including UCITS, Prospectus Directive, MiFID, the Savings Directive and the Anti-Money Laundering Directive
- Written by two leading investment fund practitioners, based at a pre-eminent Luxembourg firm specialising in funds and collective investments
Luxembourg is a leading investment fund centre attracting investors from all over the world. This book is the first analysis in English of the legal regime governing collective investments in this important financial centre. The work covers the relevant EU Directives, such as the UCITS Directive, Prospectus Directive, MiFID and the Savings Directive, and considers the application of those Directives under Luxembourg law.
Beginning with a definition of undertakings of collective investment funds and a description of the background to the relevant legislation, the authors then consider in detail how undertakings for collective investments are classified and how they operate in practice.
As a comprehensive and systematic account, this book will be of great interest and practical use to practitioners and investment managers who regularly deal with Luxembourg investment funds, in addition to those needing an introductory guide to this area of law.
Readership: Legal practitioners (working in private practice or in-house) advising on Luxembourg based investment funds, fund managers and auditors.
1. Introduction2. Classification of undertakings for collective investment3. Permitted activities for undertakings for collective investment4. Creation of undertakings for collective investment5. Securities issued by undertakings for collective investment6. Agents involved in the operation of undertakings for collective investment7. Marketing units or shares of undertakings for collective investment in the Grand Duchy of Luxembourg8. Control of undertakings for collective investment9. Dissolution and restructuring of undertakings for collective investment10. Undertakings for collective investment and criminal law11. Undertakings for collective investment and tax law12. Undertakings for collective investment and European law13. Risk capital investment companies14. Securitisation funds
Claude Kremer, Partner, Arendt Medernach, and Isabelle Lebbe, Partner, Arendt Medernach
Contributors:
Denise D Kinsella, Language Editor
"Claude Kremers and Isabelle Lebbes book on Collective Investment Schemes is a must for every actor of the financial sector. Not only does it present a complete view of the UCI industry, it also underlines (once more, should I say) the professopnal skills of the authors" - Jean-Louis Schiltz, Minister of Telecommunications, Luxembourg
"We value this publication highly as it represents a most useful and comprehensive study of UCI's in Luxembourg, which can be seen as point of reference by market players and lawyers alike" - Commission de Surveillance du Secteur Financier
"Maîtres Claude Kremer and Isabelle Lebbe have written an interesting and useful treatise on the law and practice surrounding UCIs. I particularly admire the thoroughness and completeness of their work. Academics as well as practitioners in the field are likely to turn to this book frequently and fruitfully"
