ALFI Guidelines and Recommendations

Corporate Governance

Code of conduct for Luxembourg investment funds (September 2009)

See also CSSF Circular n° 10/437 on guidelines concerning the remuneration policies in the financial sector

Depositary Banks

Best practice guidelines for depositary banks (September 2009)

in relation to the safekeeping of assets from UCITS funds held through the traditional custody network;
in relation to the safekeeping of assets from UCITS funds not held through the traditional custody network.

UCITS Borrowing Principles

Guidance on the UCITS borrowing principles (July 2009)

Side Pockets

Side pockets – Fast-track procedures (March 2009)

Valuation

Calculation of amortised costs vs. market value deviation for funds requiring such assessment according to their prospectus (February 2009)

REIFs – Real Estate Investment Funds

Luxembourg - Real Estate Investment Funds: Best Practices - Financial Reporting

Luxembourg - Real Estate Investment Funds: Best Practices - Depositary Guidelines

Swing Pricing

Swing pricing: Reports and guidelines (March2011)

The European Savings Tax Directive

The European Savings Directive: ALFI’s interpretations and recommendations (June 2005)

Miscelleanous

Madoff Task Force: Final Report (September 2009)

Madoff Task Force: Interim Report (March 2009)

Technical guidelines for fund of funds concerning the valuation of investment funds affected by Bernard L. Madoff Investment Securities, LLC (March 2009)