Funds

Welcome to the home of funds on Law-Now.

Law-Now also deliversa specialist website, RegZone. RegZone provides you with expert analysis and daily news from the fast-changing world of European financial institution regulation for those working in banking and finance, insurance, funds and asset management and securities and derivatives. Click here to visit the dedicated site.

To stay in touch with the latest developments, please bookmark this page on your mobile or register to receive eAlerts.

Recent Articles

  •  
    12.05.2023
    Europe

    SF­DR on course for sig­ni­fic­ant change in ES­As’ Con­sulta­tion Pa­per

    On 5 April 2023, the European Commission (“EC”) published its long-awaited Q&A document clarifying key points relating to the Sustainable Finance Disclosure Regulation (“SFDR”), in particular regarding the definition of “sustainable investments” and “consideration of the principal adverse impacts” (the “Q&As”).Shortly afterwards, the European Supervisory Authorities (“ESAs”) published a joint consultation paper on 12 April 2023, in which significant changes were proposed to SFDR and its regulatory technical standards...
    Read more
  •  
    25.04.2023
    Middle East

    Cor­por­ate Tax Thought Lead­er­ship Series: Anti-Ab­use Rules for Small Busi­ness Re­lief

    BackgroundThe UAE enacted its Corporate Tax Law in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The Corporate Tax Law applies with effect from 1 June 2023. A 9% tax rate will apply on income exceeding AED 375,000 (approx. US$102k). Despite its name, the Corporate Tax Law treats a natural person conducting business in the UAE as a “Resident Person”. Such a person’s business income would be subject to corporate tax in the UAE. Should the legislation not have extended the scope of the Corporate Tax Law to natural persons...
    Read more
  •  
    25.04.2023
    Luxembourg

    CSSF su­per­vis­ory pri­or­it­ies in sus­tain­able fin­ance

    On 6 April 2023, the Commission de surveillance du secteur financier (the « CSSF ») published its supervisory priorities in sustainable finance, which are relevant for credit institutions, investment firms, investment fund managers, undertakings for collective investment and undertakings for collective investment in transferable securities. As sustainability (including sustainability risks) is a long-term financial strategy, the CSSF aims at (i) establishing a cohesive implementation of the sustainable finance across the financial sector and (ii) integrating environmental,...
    Read more
  •  
    12.04.2023
    Middle East

    UAE Cor­por­ate Tax: Small Busi­ness Re­lief Cri­ter­ia

    BackgroundThe UAE issued its landmark Corporate Tax Law in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The Corporate Tax Law applies with effect from 1 June 2023.The Corporate Tax Law provides a framework whereby small businesses who qualify as Resident Persons may elect to be treated as not having any taxable income for a tax period and therefore would pay zero corporation tax for that period (the “Small Business Relief”). However the Corporate Tax Law did not specify the criteria that Resident Persons would need to meet in order...
    Read more
  •  
    06.04.2023
    Luxembourg

    Bill of law 8183: mod­ern­ising the Lux­em­bourg tool­box to­wards more re­tail­isa­tion

    BackgroundOn 24 March 2023, the Luxembourg government put forward the bill of law 8183 (the Bill) which comprises significant amendments to four Luxembourg product laws, namely the law of 23 July 2016 on reserved alternative investment funds, as amended (the RAIF Law), the law of 13 February 2007 on specialised investment funds, as amended (the SIF Law), the law of 15 June 2004 on investment companies in risk capital, as amended (the SICAR Law), and the law of 17 December 2010 on undertakings for collective investment, as amended (the UCI Law, and together with the RAIF Law, the SIF Law and the...
    Read more
  •  
    29.03.2023
    Luxembourg

    The CSSF launches SF­DR data col­lec­tion for Lux­em­bourg in­vest­ment funds

    1. ContextSince 1 January 2023, the investment funds managers (hereafter the “IFMs”) subject to the Sustainable Finance Disclosure Regulation  (or “SFDR”) have been gathering and disclosing the required sustainability-related information about their financial products, in the form of a template, in line with the Level 2 SFDR introduced by Delegated Regulation (EU) 2022/1288 of 6 April 2022, as amended (the “SFDR RTS”).  On 25 March 2023, the Luxembourg regulator of the financial sector – the Commission de Surveillance du Secteur Financier (the...
    Read more