A reserved alternative investment fund (“RAIF”) shall be recorded in a notarial deed (within 5 working days of its constitution). 

As the RAIF is managed by an alternative investment fund manager (an “AIFM”), it is sufficient to produce a notice that the AIFM manages the RAIF. 

This notice shall be deposited with the register of commerce and companies in order to be published at the recueil électronique des sociétés et associations. But the RAIF’s constitutional documents do not have to be notarized. 

The RAIF must be registered on a list held by the register of commerce and companies within 20 days following the recording of its constitution by notarial deed. 

As the AIFM of the RAIF is supervised by the CSSF - but not the RAIF itself, the offering documents must include, on the cover page, that the RAIF is not subject to the supervision by a Luxembourg supervisory authority.

References: Articles 34(1), (2) & (3) and 39 § 2 of the amended law of 23 July 2016 on RAIFs; Indirect Supervision - RAIF, September 2, 2020, Bertrand Mariaux.

*Podcast #257:

*YouTube Video 246|: 

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)