GLOSSARY

AIF

Alternative investment fund

AIFM

Alternative investment fund manager

AIFM Law

Law of 12 July 2013 on alternative investment fund managers as amended

ALFI

Association of the Luxembourg Fund Industry

AML/CFT

Anti-money laundering and counter terrorism

BMR

Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014

CSA

Common Supervisory Action

CAPEX

Capital expenditure

CASP

Crypto-asset service providers

CSSF

Luxembourg supervisory authority for financial services (Commission de Surveillance du Secteur Financier)

CSRD

Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting

CTB

Climate Transition Benchmark

CV

Commanditaire vennootschap

DNSH

Do no significant harm principle

DTT

Double Tax Treaty

ECON

Economic and Monetary Affairs Committee

ESAs

European supervisory authorities

ESAP

European Single Access Point

ESG

Environmental, social, and governance

ESMA

European securities and markets authority

ESRS

European Sustainability Reporting Standards

EU

European Union

FAQ

Frequently asked questions

FBI

Fiscale beleggingsinstelling

FGR

Fonds voor gemene rekening

FMP

Financial market participants

FSB

Financial Stability Board

GHG

Greenhouse gas

IOSCO

International Organisation of Securities Commissions

ITS

Implementing Technical Standards

KPIs

Key performance indicators

LMT

Liquidity Management Tools

MiCAR

Regulation on Markets in Crypto-Assets

MiFID II

Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU

MLI

Multilateral instrument

NAV

Net Asset Value

NCA

National Competent Authorities

NFRD

Directive 2014/95/EU of the European Parliament and of the Council of 22 October 2014 amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups

OECD

Organisation for Economic Co-operation and Development

OEF

Open-ended funds

OPEX

Operating expense

PAB

Paris-aligned Benchmark

PAI

Principal Adverse Impacts

PRIIPs KID

Packaged retail and insurance-based investment products key information documents

RAIF

Reserved Alternative Investment Fund

REA

Approved statutory auditors (réviseurs d’entreprises agréés)

REIT

Real Estate Investment Trust

Revised ELTIF Regulation

Regulation (EU) 2023/606 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and other fund rules

RTS

Regulatory technical standards

SFDR

Sustainable Finance Disclosure Regulation

SIF

Specialised Investment Fund

Taxonomy Regulation/TR

Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment

TFR

Transfer of Funds Regulation

UCI

Undertaking for Collective Investment

UCIA

Undertakings for Collective Investment Administrator

UCITS

Undertakings for Collective Investment in Transferable Securities

VA

Virtual assets

VASP

Virtual asset service providers

VAT

Value Added Tax

VBI

Vrijgestelde beleggingsinstelling’