On 26 July 2021, the law of 21 July 2021 transposing the directive (UE) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (the “Directive”) and amending 1° the amended law of 17 December 2010 regarding undertakings for collective investment and 2° the amended law of 12 July 2013 related to alternative investment fund managers (the “Law”), was published in the Official Gazette.
The purpose of the Law is to transpose the provisions of the Directive into Luxembourg law. In line with the stated deadline, in the Directive, 2 August 2021 is the date that has been retained by the Luxembourg legislator for the entry into force of the provisions of the Law.
Additional information as to what will change as of 2 August 2021 can be found in our latest newsletter.
Don’t hesitate to reach Evelyn Maher, Partner, at emaher@bsp.lu or Elena Bassi, Counsel, at ebassi@bsp.lu for any further information you may need in relation to this topic.
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