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setting up an investment fund in luxembourg ... - Casa4Funds

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alfi<br />

association of the <strong>luxembourg</strong> <strong>fund</strong> <strong>in</strong>dustry<br />

The Association of the Luxembourg Fund<br />

Industry (ALFI), the representative body for<br />

the Luxembourg <strong><strong>in</strong>vestment</strong> <strong>fund</strong> community,<br />

was founded <strong>in</strong> 1988. Today it represents over<br />

a thous<strong>an</strong>d Luxembourg-domiciled <strong><strong>in</strong>vestment</strong><br />

<strong>fund</strong>s, asset m<strong>an</strong>agement comp<strong>an</strong>ies <strong>an</strong>d a wide<br />

variety of service providers <strong>in</strong>clud<strong>in</strong>g depositary<br />

b<strong>an</strong>ks, <strong>fund</strong> adm<strong>in</strong>istrators, tr<strong>an</strong>sfer agents,<br />

distributors, law firms, consult<strong>an</strong>ts, tax advisers,<br />

auditors <strong>an</strong>d account<strong>an</strong>ts, specialist IT providers<br />

<strong>an</strong>d communications agencies.<br />

Luxembourg is the largest <strong>fund</strong> domicile<br />

<strong>in</strong> Europe <strong>an</strong>d its <strong><strong>in</strong>vestment</strong> <strong>fund</strong> <strong>in</strong>dustry<br />

is a worldwide leader <strong>in</strong> cross-border <strong>fund</strong><br />

distribution. Luxembourg-domiciled<br />

<strong><strong>in</strong>vestment</strong> structures are distributed <strong>in</strong><br />

more th<strong>an</strong> 50 countries around the globe,<br />

with a particular focus on Europe, Asia,<br />

Lat<strong>in</strong> America <strong>an</strong>d the Middle East.<br />

ALFI def<strong>in</strong>es its mission as to “Lead <strong>in</strong>dustry<br />

efforts to make Luxembourg the most<br />

attractive <strong>in</strong>ternational centre”.<br />

Its ma<strong>in</strong> objectives are to:<br />

Foster dedication to professional<br />

st<strong>an</strong>dards, <strong>in</strong>tegrity <strong>an</strong>d quality<br />

Investor trust is essential for success <strong>in</strong><br />

collective <strong><strong>in</strong>vestment</strong> services <strong>an</strong>d ALFI thus<br />

does all it c<strong>an</strong> to promote high professional<br />

st<strong>an</strong>dards, quality products <strong>an</strong>d services,<br />

<strong>an</strong>d <strong>in</strong>tegrity. Action <strong>in</strong> this area <strong>in</strong>cludes<br />

org<strong>an</strong>is<strong>in</strong>g tra<strong>in</strong><strong>in</strong>g at all levels, def<strong>in</strong><strong>in</strong>g codes<br />

of conduct, tr<strong>an</strong>sparency <strong>an</strong>d good corporate<br />

govern<strong>an</strong>ce, <strong>an</strong>d s<strong>up</strong>port<strong>in</strong>g <strong>in</strong>itiatives to<br />

combat money launder<strong>in</strong>g.<br />

Promote the Luxembourg <strong><strong>in</strong>vestment</strong><br />

<strong>fund</strong> <strong>in</strong>dustry<br />

ALFI actively promotes the Luxembourg<br />

<strong><strong>in</strong>vestment</strong> <strong>fund</strong> <strong>in</strong>dustry, its products <strong>an</strong>d its<br />

services. It represents the sector <strong>in</strong> f<strong>in</strong><strong>an</strong>cial<br />

<strong>an</strong>d <strong>in</strong> economic missions org<strong>an</strong>ised by the<br />

Luxembourg government around the world<br />

<strong>an</strong>d takes <strong>an</strong> active part <strong>in</strong> meet<strong>in</strong>gs of the<br />

global <strong>fund</strong> <strong>in</strong>dustry.<br />

For more <strong>in</strong>formation, visit our website at<br />

www.alfi.lu<br />

Help members capitalise on <strong>in</strong>dustry<br />

trends<br />

ALFI’s m<strong>an</strong>y technical committees <strong>an</strong>d<br />

work<strong>in</strong>g gro<strong>up</strong>s const<strong>an</strong>tly review <strong>an</strong>d<br />

<strong>an</strong>alyse developments worldwide, as well as<br />

legal <strong>an</strong>d regulatory ch<strong>an</strong>ges <strong>in</strong> Luxembourg,<br />

the EU <strong>an</strong>d beyond, to identify threats <strong>an</strong>d<br />

opportunities for the Luxembourg <strong>fund</strong><br />

<strong>in</strong>dustry.<br />

Shape regulation<br />

An <strong>up</strong>-to-date, <strong>in</strong>novative legal <strong>an</strong>d fiscal<br />

environment is critical to defend <strong>an</strong>d<br />

improve Luxembourg’s competitive position<br />

as a centre for the domiciliation, adm<strong>in</strong>istration<br />

<strong>an</strong>d distribution of <strong><strong>in</strong>vestment</strong> <strong>fund</strong>s. Strong<br />

relationships with regulatory authorities,<br />

the government <strong>an</strong>d the legislative body enable<br />

ALFI to make <strong>an</strong> effective contribution to<br />

decision-mak<strong>in</strong>g through relev<strong>an</strong>t <strong>in</strong>put<br />

for ch<strong>an</strong>ges to the regulatory framework,<br />

implementation of Europe<strong>an</strong> directives<br />

<strong>an</strong>d regulation of new products or services.<br />

26

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