As you know, if you followed our previous publications a reserved alternative investment fund (RAIF) is primarily governed by :
the amended Luxembourg law of 23 July 2016 on reserved alternative investment fund (the “RAIF Law”) ; as well as,
the amended law of 12 July 2013 on alternative investment fund managers (the “AIFM Law”).
Another piece of legislation must be applied especially if the RAIF invests in short-term assets or has distinct objectives offering returns in accordance with money market rates or where the RAIF intends to preserve the value of the investment. The RAIF must then comply with the EU Regulation 2017/1131 on money market funds.
The RAIF shall also comply with other pieces of regulation, at national and EU level (on anti money laundering, the amended markets in financial instruments Directive (the “MIFID II”), market abuse, derivatives, securities and general corporate law etc.).
References: the RAIF Law (as defined above); the AIFM Law (as defined above); the EU Regulation 2017/1131 on money market funds; the amended markets in financial instruments European Directive, the MIFID II; the amended law of 10 August 1915 on commercial companies; What is a RAIF?, June 17, 2020, Bertrand Mariaux.
*Podcast #252:
*YouTube Video 241|:
Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)
Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)