Quick Answer: Is A SIF Regulated?

Does a SIF need an AIFM?

SIFs that qualify as AIFs are required to appoint an AIFM, unless they benefit from the limited exemptions provided by the AIFM Law..

What is a Sicav SIF?

A SICAV SIF is an onshore Luxembourg investment fund. A SIF takes a collective investment approach to investor funds and applies the principle of risk diversification. … The structure can play host to a wide variety of asset types, including both traditional and alternative investment products.

Can a Sicav be an AIF?

What else should I know? SIFs and SICARs are AIFs and either need to appoint an alternative investment fund manager (AIFM) or can be self-managed internally. … If the set-up costs for a fully licensed AIFM are too high, the SIF or SICAR can appoint an existing fully licensed third-party AIFM.

Is a Sicav tax transparent?

Partnerships are typically tax transparent, while limited companies are opaque structures from a tax standpoint. … Investment companies with variable or fixed capital (SICAV/SICAF).

Is a Sicav a company?

How does it work? A SICAV is a public limited company whose shares are offered to the public, and whose sole purpose is to invest in securities (or other liquid financial assets), spreading investment risks and allowing investors to benefit from the results of managing their assets.

What is a SIF in safety?

Safety Instrumented Function – A set of equipment intended to reduce the risk due to a specific hazard (a safety loop). Its purpose is to 1. Taking action to mitigate the consequences of an industrial hazard. …

Is Sicav SIF regulated?

This means that a SICAV SIF can offer access to virtually any asset class and can facilitate the pursuit of almost any investment style. Nevertheless, the SIF law has been complemented by regulatory circulars, which lay down certain requirements that must be met in order to ensure adequate risk diversification.

Is a SIF an AIF?

A Specialised Investment Fund (SIF) is an investment fund that can invest in all types of assets. It usually qualifies as alternative investment fund (AIF) and can be sold to well-informed investors.

What is a Luxembourg SIF?

A specialised investment fund (“SIF”) is an investment vehicle designed for sophisticated investors that is regulated by the Luxembourg Commission de Surveillance du Secteur Financier “CSSF”). … SIFs benefit from having a relatively prompt set-up process, low costs and minimal taxation in Luxembourg.

What is a SCSp?

Luxembourg have got in on the act by launching two limited partnerships based on the Anglo-Saxon limited partnerships: the société en commandite simple, otherwise known as a common limited partnership or “SCS”; and the société en commandite spéciale, otherwise known as a special limited partnership, or “SCSp”.

What is a well informed investor?

Investments in a RAIF may be made by “well-informed investors”, which are defined as: institutional investors, professional investors, or any other investor who has confirmed in writing that they are a “well-informed investor” and who either invests a minimum of €125,000 or has obtained an appraisal from a credit …

What is a Luxembourg FCP?

A FCP in Luxembourg is the acronym from Fonds Commun du Placement, which represents a common investment fund that is registered as an open-ended mutual fund.

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