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