GLOSSARY

AIF

Alternative investment fund

AIFM

Alternative investment fund manager

AIFMD

Alternative investment fund manager directive

ALFI

Association of the Luxembourg Fund Industry

AML/CFT

Anti-money laundering and counter terrorism

Authorised Participants

APs

ARTs

Asset-referenced tokens

Blockchain Law IV

Law of the 20 December 2024

CASP

Crypto Asset Service Providers

Circular

Circular 781-2

CIUs

Collective investment undertakings

CSRD

Corporate Sustainability Reporting Directive

CSSF

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

DLT

Distributed Ledger Technology

ELTIF

European Long-Term Investment Fund

EMTs

E-money tokens

ESAs

European supervisory authorities

ESG

Environment, social and governance

ESMA

European securities and markets authority

EU

European Union

EuSEF

European Social Entrepreneurship Fund

EuVECA

European Venture Capital Fund

FAQ

Frequently asked questions

FDI

Financial derivatives instruments

FGR

Fonds voor gemene rekening

FMP

Financial market participant

GAR

Green Asset Ratio

IDLR

Interest deduction limitation rule

ITS

Implementing Technical Standards

KPIs

Key Performance Indicators

LITL

Luxembourg Income Tax Law

LO AIFs

Open-ended loan-originating from AIFs

PAI

Principal Adverse Impact

MiCAR

Markets in Crypto-Assets Regulation

MiFID II

Directive 2014/65 on markets in financial instruments

ML/TF

Money Laundering and Terrorist Financing

NAV

Net Asset Value

NCA

National Competent Authorities

PPP

Priority processing procedure

Q&A

Question & answer

RTS

Regulatory technical standards

SCWG

Single company worldwide group

SDG

Sustainable Development Goals

SFDR

Sustainable Finance Disclosure Regulation

SMSG

Securities and Markets Stakeholder Group

TSC

Technical Screening Criteria

UCI

Undertaking for Collective Investment

UCITS

Undertakings for Collective Investment in Transferable Securities