Collective Investment Schemes in Luxembourg

Zusatztext `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'Professor Christian C.P Wolff, Director, Luxembourg School of Finance Informationen zum Autor Claude Kremer is a founding partner at the Luxembourg law firm Arendt & Medernach. He has devoted his whole professional career to the global fund and asset management industry. He was admitted to the Luxembourg Bar in 1982 and is a non-executive board member of a number of Luxembourg investment funds established by international asset management groups. In 2005, he formed part of the EU Commission expert group on market efficiency. After serving as chairman ofthe Association of the Luxembourg Fund Industry (ALFI) from May 2007 until June 2011, Claude was elected president of the European Fund and Asset Management Association (EFAMA) in June 2011. He holds Master's degrees in law and in history from the Université Pierre Mendès France de Grenoble (France) and aMaster's degree in accounting and finance from the London School of Economics and Political Science (U.K.). He is also a reader in fund law at the University of Luxembourg.Isabelle Lebbe is a partner at the Luxembourg law firm Arendt & Medernach, where she specialises in a wide range of investment funds with a focus on UCITS funds. She has been a member of the Luxembourg Bar since 1999 and is an arbitrator and a member of the Belgian Centre for Arbitration and Mediation (CEPANI). A regular conference speaker, Isabelle is also the chairwoman of the Editing Committee of the Luxembourg Fund Review Magazine and sits on a number of committees of the Association ofthe Luxembourg Fund Industry (ALFI) and the Commission de Surveillance du Secteur Financier (CSSF), the regulatory authority of the financial sector in Luxembourg. She was named "Best in Investment Funds" in Europe at the Euromoney Legal Media Group's inaugural Women in Business Law Awards2011. Klappentext This new edition is the only comprehensive account of the regulation and operation of investment funds under Luxembourg law. Written by practitioners from a leading funds practice, it contains a detailed consideration of the legal environment in Luxembourg. Zusammenfassung This new edition is the only comprehensive account of the regulation and operation of investment funds under Luxembourg law. Written by practitioners from a leading funds practice, it contains a detailed consideration of the legal environment in Luxembourg. Inhaltsverzeichnis 1. Introduction ; 2. Supervision of AIFM established in Luxembourg ; 3. Permitted activities for undertakings for collective investment ; 4. Establishment of undertakings for collective investment ; 5. Securities issued by undertakings for collective investment ; 6. Parties involved in the operation of undertakings for collective investment ; 7. Marketing the units or of undertakings for collective investment in the Grand Duchy of Luxembourg ; 8. Supervision of undertakings for collective investment ; 9. Dissolution and restructuring of undertakings for collective investment ; 10. Undertakings for collective investment and criminal law ; 11. Undertakings for collective investment and tax law ; 12. Undertakings for collective investment and European law ; 13. Risk capital investment companies ; 14. Securitisation vehicles ...

Auteur
Claude Kremer is a founding partner at the Luxembourg law firm Arendt & Medernach. He has devoted his whole professional career to the global fund and asset management industry. He was admitted to the Luxembourg Bar in 1982 and is a non-executive board member of a number of Luxembourg investment funds established by international asset management groups. In 2005, he formed part of the EU Commission expert group on market efficiency. After serving as chairman of the Association of the Luxembourg Fund Industry (ALFI) from May 2007 until June 2011, Claude was elected president of the European Fund and Asset Management Association (EFAMA) in June 2011. He holds Master's degrees in law and in history from the Université Pierre Mendès France de Grenoble (France) and a Master's degree in accounting and finance from the London School of Economics and Political Science (U.K.). He is also a reader in fund law at the University of Luxembourg. Isabelle Lebbe is a partner at the Luxembourg law firm Arendt & Medernach, where she specialises in a wide range of investment funds with a focus on UCITS funds. She has been a member of the Luxembourg Bar since 1999 and is an arbitrator and a member of the Belgian Centre for Arbitration and Mediation (CEPANI). A regular conference speaker, Isabelle is also the chairwoman of the Editing Committee of the Luxembourg Fund Review Magazine and sits on a number of committees of the Association of the Luxembourg Fund Industry (ALFI) and the Commission de Surveillance du Secteur Financier (CSSF), the regulatory authority of the financial sector in Luxembourg. She was named "Best in Investment Funds" in Europe at the Euromoney Legal Media Group's inaugural Women in Business Law Awards 2011.

Texte du rabat

This new edition is the only comprehensive account of the regulation and operation of investment funds under Luxembourg law. Written by practitioners from a leading funds practice, it contains a detailed consideration of the legal environment in Luxembourg.

Résumé
This book is the only analysis of the legal regime governing collective investments in the important financial centre of Luxembourg. Written by expert practitioners from a leading funds practice, it provides a detailed, comprehensive, and practical account of the regulation and operation of investment funds 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 go on to provide a detailed account of how undertakings for collective investments are classified and how they operate in practice. Covering all relevant EU Directives including the UCITS Directives, Prospectus Directive, MiFID, and the Savings Directive, the authors also consider the application of these Directives under Luxembourg law. The latest developments on the AIFM Directive are also addressed. A comprehensive and systematic account, this new edition is an important reference source for all practitioners and investment managers regularly dealing with Luxembourg investment funds, as well as providing an exceptional introduction to this area of the law.

Contenu

1. Introduction ; 2. Supervision of AIFM established in Luxembourg ; 3. Permitted activities for undertakings for collective investment ; 4. Establishment of undertakings for collective investment ; 5. Securities issued by undertakings for collective investment ; 6. Parties involved in the operation of undertakings for collective investment ; 7. Marketing the units or of undertakings for collective investment in the Grand Duchy of Luxembourg ; 8. Supervision of undertakings for collective investment ; 9. Dissolution and restructuring of undertakings for collective investment ; 10. Undertakings for collective investment and criminal law ; 11. Undertakings for collective investment and tax law ; 12. Undertakings for collective investment and European law ; 13. Risk capital investment companies ; 14. Securitisation vehicles