The European AIF market is one of the fastest growing in the financial sector.
Your AKD counsels therefore 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, AKD Quarterly Update provides information on selected Luxembourg and Dutch legal, tax and regulatory matters within the AIF industry.
In this Quarterly Update covering Q3 2023, you will learn about the latest news and updates on inter alia the virtual assets service providers new obligations, the CSSF and ALFI guidance on the implementation of SFDR within the AIFMD requirements. Other topics covered include the ESMA test to determine an “investment advice” under MiFID II and the recent ESMA report on distribution of open-ended and closed-ended AIFs.
You will also read about the tax hot topics from the Luxembourg including the new double tax treaty with the United Kingdom and the latest changes to Dutch tax regulation within the AIF Industry. Don’t miss out the Interview of Nunzia Pignataro, Investment Manager at Bluefield Partners LLP. 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.
Special Offer for New Members! Any new member joining the British Chamber now will have the remainder of 2023 free and will only be invoiced for 2024 Annual Membership. See here or for further information please call +352 465 466 or email firstname.lastname@example.org.
As you may know, the current tax treaty between the United Kingdom and Luxembourg was signed in London in May 1967 (before the UK joined the EEC) and was amended several times over the years. A new UK-Luxembourg tax treaty was concluded in June 2022 (after the UK left the EU) and will enter into force in 2024. The main reasons for an overhaul of the existing tax treaty include the UK’s withdrawal of the European Union (Brexit) and the evolution of tax standards put forward by the OECD and the BEPS project in recent years.
The British Chamber of Commerce are the media partner for the STEP Benelux Conference 2024 - "Family wealth: Navigating global change and new paradigms" where leading speakers from the Benelux countries will discuss the new challenges facing wealth management and estate planning. This will take place from 14-15 March at DoubleTree by Hilton Amsterdam Central Station. Register before 23 January 2024 to benefit from the Early Bird Discount!