LU – New Law amending SICAR, SIF,UCI,AIFM, RAIFs Laws
9th August 2023

On 11 July 2023, the Luxembourg Chamber of Deputies voted the draft Law amending 5 fund industry sectoral Laws: (SICAR,SIF,UCI, AIFM and RAIF).

Firstly, the Law amends the definitions of “sophisticated investor” contained in the SICAR Law, the FIS Law and the FIAR Law respectively in order to improve consistency between the different laws and to bring the Luxembourg regime into line with European standards by lowering the current investment threshold from €125,000 to €100,000.