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Clifford Chance

Clifford Chance

Briefings

New Definition of “Investment Fund”

13 April 2011

The Italian Government is opening a consultation process on proposed
amendments to the secondary legislation governing investment funds. The
consultation period closes on Friday 23 April 2011.The proposed amendments to
the secondary legislation are meant to implement the new definition of
"investment fund" as introduced by Article 32 of Decree Law No. 78 of 31 May
2010.

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