2004 Law

The Law of 15 June 2004 relating to the investment company in risk capital (société d’investissement en capital à risque), as amended

2007 Law

The Law of 13 February 2007 relating to specialised investment funds, as amended

2010 Law

The Law of 17 December 2010 relating to undertakings for collective investment, as amended

2026 Law

The Law of 3 March 2026 transposing Directive (EU) 2024/927 (AIFMD II) into Luxembourg law

AFM

Autoriteit Financiële Markten (Dutch Authority for the Financial Markets)

AIF

Alternative Investment Fund

AIFM

Alternative investment fund manager(s)

AIFMD II

Directive (EU) 2024/927 of the European Parliament and of the Council of 13 March 2024

AML/CFT

Anti-money laundering / combating the financing of terrorism

AMLA

Authority for Anti-Money Laundering and Countering the Financing of Terrorism, established by Regulation (EU) 2024/1620

AMLD6

Directive (EU) 2024/1640 of the European Parliament and of the Council of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Sixth Anti-Money Laundering Directive)

AMLR

Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Anti-Money Laundering Regulation)

ASBL

Association sans but lucratif (non-profit association)

BCL

Banque Centrale du Luxembourg

BMA

Benchmark administrator(s)

BMR / Benchmarks Regulation

Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks

CASPs

Crypto-Asset Service Providers

CSA

Common Supervisory Action

CSRD

Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 (Corporate Sustainability Reporting Directive)

CSSF

Commission de Surveillance du Secteur Financier

DORA

Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector (Digital Operational Resilience Act)

EBA

European Banking Authority

ECGT Directive

Directive (EU) 2024/825 of the European Parliament and of the Council of 28 February 2024 amending Directives 2005/29/EC and 2011/83/EU as regards empowering consumers for the green transition through better protection against unfair practices and through better information

EEA

European Economic Area

ELTIF

European long-term investment fund(s)

ESG Ratings Regulation

Regulation (EU) 2024/3005 on the transparency and integrity of ESG rating activities

ESMA

European Securities and Markets Authority

ESRS

European Sustainability Reporting Standards

EuReCA

European Reporting System for Material AML/CFT Weaknesses

GLESI

ESMA Guidelines on Enforcement of Sustainability Information

ICT

Information and communication technology

IFMs

Investment fund managers

LBR

Luxembourg Business Registers

LMT

Liquidity management tool(s)

MiCAR

Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (Markets in Crypto-Assets Regulation)

NCA

National competent authority(ies)

Omnibus 1 Directive

Directive (EU) 2025/794 of the European Parliament and of the Council of 21 April 2025 amending Directives 2013/34/EU, 2004/109/EC, 2006/43/EC and 2013/56/EU as regards certain sustainability reporting and due diligence requirements

RAIF

Reserved alternative investment fund(s)

RBO

Register of Beneficial Owners (Registre des Bénéficiaires Effectifs)

RCS

Trade and Companies Register (Registre de Commerce et des Sociétés)

RTS

Regulatory technical standards

SCS

Société en commandite simple (common limited partnership)

SCSp

Société en commandite spéciale (special limited partnership)

SFDR

Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (Sustainable Finance Disclosure Regulation)

SICAV

Société d’investissement à capital variable (investment company with variable capital)

SICAR

Société d’investissement en capital à risque (investment company in risk capital)

SIF

Specialised investment fund(s)

SPV

Special purpose vehicle(s)

UCI(s)

Undertaking(s) for collective investment

UCITS

Undertaking(s) for collective investment in transferable securities

VASPs

Virtual asset service providers