Charles Russell Speechlys' Luxembourg team produce update guide to Reserved Alternative Investment Funds
We are pleased to announce that the Charles Russell Speechlys' Luxembourg team have produced an update guide to the Reserved Alternative Investment Fund (RAIF) platforms.
The creation of the Reserved Alternative Investment Fund (the RAIF) stems out of the observation that the double layer of authorisation and supervision of alternative investment fund managers (AIFMs), following the adoption of the EU directive 2011/61/UE, provides greater investor protection but may be inappropriate for experienced investors looking for swiftness, cost reduction and flexibility when selecting their vehicles options.
The legislator therefore adopted the law of 23 July 2016 on reserved alternative investment funds (the RAIF Law), creating a new type of unregulated vehicle meeting the expectations of certain types of investors. The corner stone of this new regime is that the RAIF is a flexible structure which is not subject to the supervision of the CSSF per se and therefore not subject to authorisation.
Our guide intends to break down the components of the new RAIF vehicle, explaining its key features and the changes that it brings. We have also produced a comparative table, giving an overview of the main types of investment funds currently available.
News & Insights
Pooling targets the fast lane
Melville Rodrigues considers the Government’s LGPS guidance on pooling, and implications for real estate mandates.
FCA proposing to tighten up rules for loan-based crowdfunding platforms
Later this year, the FCA is due to publish its policy statement on the changes to the regulatory framework for crowdfunding platforms.
Financial Conduct Authority consults on increasing the award for the Financial Ombudsman Service
The Financial Conduct Authority (FCA) is consulting on increasing the award limit for the Financial Ombudsman Service (FOS).