Clifford Chance
Bill of Law transposing the AIFM Directive
3 October 2012
On 24 August 2012, Bill of law N°6471 (Bill 6471) relating to the transposition of the Alternative Investment Fund Managers Directive (AIFMD) was deposited with the Luxembourg Parliament.
The full legislative process is still to be completed in Luxembourg. However, it is anticipated that Bill 6471 will be adopted before end 2012, i.e. six months before the deadline for implementation provided for in the AIFMD. As was the case in 2002 and 2010 with respect to the so-called UCITS III and UCITS IV Directives, Luxembourg could henceforth be one of the first Member States to implement the AIFMD.
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