A fund set up under Part II of the amended law of 17 December 2010 relating to undertakings for collective investment is commonly known as a UCI Part II Fund. A UCI Part II Fund qualifying as an alternative investment fund (an “AIF”) is generally required to appoint an alternative investment fund manager (an “AIFM”).
The AIFM must either be:
an AIFM established in Luxembourg authorised pursuant to the law of 12 July 2013 on alternative investment fund managers (the “AIFM Law”); or,
an AIFM established in another EU Member State; or in,
a third country authorised under Directive 2011/61/EU on Alternative Investment Fund Managers (The “AIFM Directive”).
References: Article 88-2(1) of the amended law of 17 December 2010 relating to undertakings for collective investment and Chapter 2 of the AIFM Law; What Is the Legal Framework for a UCI Part II Fund? October 9, 2020, Bertrand Mariaux.
Contributor: Cédric Buisine, Avocat
Editor: Hannah Seulgee Jung
*Podcast #297:
*YouTube Video 286|:
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)