ALFI has two types of membership : full members (ie. member "fund" and member "non-fund") and associate members.
A. The following may be full members, provided that they are established and authorised to carry out their activities in Luxembourg, and regardless of their legal form:
- Undertakings for Collective Investment and other regulated investment vehicles;
- Service providers to the Luxembourg collective investment management industry, such as but not limited to:
- banks or credit institutions;
- fund and asset management companies, investment managers and investment advisers;
- other professionals of the financial sector;
- independent auditors;
- legal advisors;
- other consultants and service providers offering specialized services to the collective investment management industry.
B. The following may be associate members:
- Fund industry players established abroad, provided that they offer services to full members.
Admission, rights and obligations
Funds and other eligible industry players that undertake to comply with ALFI's articles of association, rules of procedures and ethical rules of the profession become members if approved by the Board of Directors. If an applicant is rejected, it may refer its application to the General Meeting, which shall take a definitive decision.
The members undertake to provide the General Secretariat with all non-confidential statistical data whose collection the Board of Directors deems useful to the carrying out of its mission.
All members are entitled to attend the General Meetings, to receive the reports of the work of the Technical Committees and, in general, to receive all ALFI publications.
However, associate members do not participate in the decisions of the Association's governing bodies and are not taken into account in determining the majority and quorum conditions stipulated in these articles of association or by the law. Only full members have the right to vote.
ALFI has both variable and fixed contributions. Article 19 of its Articles of incorporation explains which type of contribution is applicable to the various member types. The levels of annual contributions are approved by the Annual General Meeting based on a proposal by the Board of Directors. According to the Association's Articles of incorporation, total variable annual contributions to be paid by member funds from a single promoter may not exceed Euro 100,000.-, and the fixed annual contribution may not exceed Euro 5,000.-. For more details please refer to the modalities of contribution that are available in English and French.
The amount of the annual contribution paid determines the number of votes at the Association's annual General Meeting ( 1 euro of contribution = 1 vote).
To become a member of ALFI, please fill in and return the membership application form together with a copy of your statutes / articles of incorporation (ref. membership application form) to the:
P.O. Box 206 L-2012 Luxembourg
12, rue Erasme