Building confidence

Luxembourg is bracing itself for boost in the market, with major legal changes expected to encourage new players into the alternative market

The outlook for Luxembourg looks promising. As one of the major centres worldwide for setting up investment fund products, the Luxembourg authorities are about to vote on a series of laws and issue some bills, giving a major new boost to the local market place.


At the end of September, the Luxembourg State Council approved a draft law on a new legal framework relating to undertakings for collective investment, essentially introducing the February 2002 EU Directive into Luxembourg legislation. As

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