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Luxembourg - Alfi

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AIFMD – What are the implications for Japanese AIFM <br />

CASE 1: JPN AIFM<br />

using Cayman AIF with EU<br />

investors<br />

CASE 2: JPN AIFM using LUX<br />

AIF with EU investors<br />

Impact, high AIF compliance<br />

risk, limited manager<br />

compliance risk<br />

Impact, limited manager compliance<br />

risk, no AIF compliance risk<br />

CASE 3: JPN AIFM using<br />

Cayman w/o EU investors<br />

No impact but outside AIFMD standard<br />

CASE 4: JPN AIFM using LUX<br />

AIF w/o EU investors<br />

Impact, limited manager<br />

compliance risk, no AIF risk<br />

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