Luxembourg Regulated Investment Vehicles - Alfi
Luxembourg Regulated Investment Vehicles - Alfi
Luxembourg Regulated Investment Vehicles - Alfi
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7SIF SICAR Securitization vehicle – regulatedHead office of SICAV/ SICAF or ofthe management company of the FCPmust be in <strong>Luxembourg</strong>.No nationality or residencyrequirements for Directors of funds orChapter 14 management company.General requirement for one ofthe two conducting officiers of theChapter 13 management company tobe located in <strong>Luxembourg</strong>.DepositaryCentral administrationRéviseur d’entreprisesHead office of the SICAR must be in<strong>Luxembourg</strong>.No nationality or residencyrequirements for Directors.DepositaryCentral administrationRéviseur d’entreprisesHead office of securitization companyor of the management company ofthe securitization fund must be in<strong>Luxembourg</strong>.No nationality or residencyrequirements for Directorsof securitization company ormanagement company.DepositaryAdministrative agentRéviseur d’entreprises€ 1,250,000 to be reached within12 months of authorization.FCPYes (Chapter 13 or Chapter 14 of theFund law)SICAV/SICAFNoTotal of subscribed share capitaland share premium of e 1,000,000to be reached within 12 months ofauthorization.NoSecuritization fundNo minimum requirement.Securitization companySA/SCA: € 31.000Sàrl: € 12.500SCoSA: no minimum requirement.Securitization fundYes (Commercial Law)Securitization companyNo€ 125,000For Chapter 13 managementcompanies, additional capital basedon the assets under management isrequired if in excess of€ 250,000,000.— Will depend on the legal form chosen.The minimum capital will range from€ 12,500 for a Sàrl to € 31,000 for aSA.The risk management function is notregulated.The risk management function is notregulated.The risk management function is notregulated.