![]() ![]() ReminderĪs a reminder, the primary objectives of the European legislator are to facilitate cross-border distribution of investment funds and to enhance the regulatory framework governing the distribution of UCITS and AIFs. The Law transposes into Luxembourg law the terms of the CBDF Directive and will enter into force on 2 August 2021, in compliance with the timing for implementation provided for by the CBDF Directive. ![]() The law of 21 July 2021 implementing Directive (EU) 2019/1160 with regard to cross-border distribution of collective investment undertakings (the “ CBDF Directive”) and amending the law of 17 December 2010 on undertakings for collective investment, as amended, and the law of 12 July 2013 on alternative investment fund managers, as amended, (the “ Law”) was published in the official gazette on 26 July 2021. ![]()
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