Luxembourg: The domicile of choice for financial services - Alfi

ALFI
ALFI (Association of the Luxembourg Fund
Industry) is the official representative body for
the Luxembourg investment fund industry.
The association’s mission is to “lead industry
efforts to make Luxembourg the most attractive
international centre”. To that end, ALFI brings
together the interests of over a thousand
Luxembourg-domiciled investment funds and
nearly 200 companies active in the Luxembourg
fund industry. These represent a wide variety of
service providers, including depositary banks,
fund administrators, transfer agents, distributors,
law firms, consultants, tax advisers,
auditors and accountants, specialist IT providers
and communications agencies.
ALFI recently launched a virtual Investor Centre
to provide investors with basic information
on investing, with particular reference to the
investment fund sector. The Investor Centre
offers information on a broad range of topics in
areas such as the different types of investment
available through funds and the rules and
safeguards covering the industry. The Investor
Centre is accessible via ALFI’s website www.alfi.lu
ALFI’s Mission Statement
Help members capitalise on industry trends
ALFI’s numerous Technical Committees
and Working Groups continuously analyse
global industry developments as well as legal
and regulatory changes in Luxembourg,
in the EU and beyond, and the threats and
opportunities these may constitute for the
Luxembourg fund sector.
Shape regulation
A modern and innovative legal and fiscal
environment is of key importance to defend and
improve the competitive position of Luxembourg
as a centre for the domiciliation, administration
and distribution of investment funds. Its
close contacts with the regulatory authority, the
government and the legislative body allow ALFI
to help shape regulation by bringing valuable
input when there is a need to adapt the
regulatory framework, to adopt a new European
Directive or to create a specific regulatory
framework for new products or services.
Encourage professionalism, integrity
and quality
Investor trust is key to successfully developing the
collective investment business. ALFI therefore
strives to encourage professional behaviour,
quality products and services, and the integrity
of all players involved by offering training
courses designed for novices and experts, by
developing codes of conduct, transparency and
good corporate governance, and by supporting
efforts to fight money laundering.
Promote the Luxembourg investment
fund industry
ALFI actively promotes the Luxembourg
investment fund centre, its products and
services by representing the sector in
economic and financial missions organised
by the Luxembourg government around
the world and by taking active part in
the principal meetings of the global fund
industry.
1
Source: MicroRate, Aug. 09
24