The European AIF market is one of the fastest growing in the financial sector. For this reason, your AKD counsels keep up to date with developments in this dynamic industry. To help financial market participants to stay on top of current trends in the AIF space, the AKD Quarterly Update provides information on selected Luxembourg and Dutch legal, tax and regulatory matters within the AIF industry.

This Quarterly Update, covering Q1 2024, offers the most recent developments on various fronts, including the CSSF's guidelines on NAV calculation errors and investment breaches, along with adjustments made to investor eligibility criteria for AIFs investing in virtual assets. ESMA's warnings regarding leverage risks linked to real estate funds emphasize the continuous endeavour to uphold strong regulatory structures. Additionally noteworthy initiatives like the EU's decision to remove the Cayman Islands from its AML/CFT blacklist align with the introduction of AIFMD II.

You will also read about tax hot topics from the Netherlands and Luxembourg.

Don’t miss out the 5 Questions to Caroline BLIN-DELAMARE and Camille LANCE, respectively Investor relationship & Investment manager and Business Manager – Buy&Hold portfolio at REAM.

Enjoy the read and get in touch with us if you require more detailed information and assistance on the latest AIF developments and their implications.

Informational Update: This Quarterly Update serves as an informational resource to the readers, providing insights into new legislation or supervisory priorities. It does not require immediate action but aims to enhance understanding of the regulatory landscape and keep readers informed about relevant developments.

Compliance Considerations: This Quarterly Update prompts readers to review their current practices and assess their compliance with the new legislation or supervisory priorities. It may involve implementing changes, updating documentation, or adopting new practices to ensure compliance and maintain regulatory standards.