The investment company in risk capital (“SICAR”) must be authorised by the financial regulator (the Commission de Surveillance du Secteur Financier (“CSSF”)). A SICAR is supervised by the CSSF on an ongoing basis and is subject to regular reporting requirements. A SICAR shall be authorised only if the CSSF has approved its constitutional documents and the choice of the depositary. The amendments of the constitutional documents of the SICAR are subject to the approval by the CSSF. The CSSF levies a fee for the authorisation and supervision and keeps an official list of authorised SICARs. The list is published.

References: Articles 11(1), 12(1), (2), (4) & 13(1) of the amended law of 15 June 2004 relating to SICAR; Grand-ducal Regulation of 21 December 2017 relating to the fees to be levied by the Commission de Surveillance du Secteur Financier.

*Podcast #267:

*YouTube Video 256|: 

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)