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Understanding Investing 简体中文网页 Members section

Statements

Over the year, ALFI participates in numerous consultations issued by European Institutions and industry associations.


Updated on 12/02/13  
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ABBL/ALFI initials views concerning the working document of the Commissions Services (DG MARKT) Consultation on the UCITS depositary function

- ALFI statements

The Luxembourg Bankers’ Association (ABBL) and the Association of the Luxembourg Fund Industry
(ALFI) are the major representative industry bodies of the Luxembourg financial sector in terms of both
the professions represented (banks, investment funds, asset management companies, depositary banks,
fund administrations, auditors and law firms) and the geographical origin of their members. This response
was prepared by a new ABBL – ALFI joint platform: the Depository Banks Forum, which regroups
experts from the depositary function in Luxembourg.

ALFI: Response to the CESR consultation regarding level 2 measures on the format and content of KID disclosures for UCITS

- ALFI statements

We thank CESR for the opportunity to participate in this consultation on the technical issues relating to Key Information Document ("KID") disclosures for UCITS. We welcome CESR’s interest in this matter and we share CESR’s desire for clear and accurate disclosure of information to retail investors in a form that helps them to understand a fund and to compare it to other funds that might be available to them. We consider our response to this consultation to be a continuation of our response to consultations CESR/07-6691 and CESR/09-047.

ALFI: Response to the CESR consultation regarding level 2 measures related to the UCITS management company passport

- ALFI statements

Technical advice to the European Commission on the level 2 measures related to the
UCITS management company passport

 

ALFI represents the Luxembourg investment management and fund industry. It counts among its membership over 1,300 funds and asset management groups from around the world and a large range of service providers. According to the latest CSSF figures, on 30 June 2009, total net assets of undertakings for collective investment were 1,631 trillion euros.

There are 3,435 undertakings for collective investment in Luxembourg, of whi

ALFI: Technical issues relating to Key Information Document (KID) disclosures for UCITS

- ALFI statements

Technical issues relating to Key Information Document (KID) disclosures for UCITS

 

ALFI represents the Luxembourg investment management and fund industry. It counts among its membership asset management groups from various horizons and a large variety of service providers. According to the latest CSSF figures, on 28 February 2009, total net assets of undertakings for collective investment were EUR 1,530,291 billion.
There are 3,402 undertakings for collective investment in Luxembourg, of which 2,037 are multiple compartment structures containing 10,8

ALFI contribution to the CESR call for evidence on possible implementing measures concerning the future UCITS directive

- ALFI statements

ALFI represents the Luxembourg investment management and fund industry. It counts among its membership over 1 300 funds and asset management groups from around the world and a large range of service providers. According to the latest CSSF figures, on 31 January 2009, total net assets of undertakings for collective investment were 1.571 trillion euros.


There are 3,398 undertakings for collective investment in Luxembourg, of which 2,034 are multiple compartment structures containing 10,914 compartments. With the 1,364 single‐compartment UCIs, there are a total of 12,2

ALFI contribution to the CESR consultation paper on UCITS management company passport (Ref: CESR/08-748)

- ALFI statements

ALFI represents the Luxembourg investment management and fund industry. It counts among its membership over 1 200 funds and asset management groups from around the world and a large range of service providers. According to the latest CSSF figures, on 31 August 2008, total net assets of undertakings for collective investment were 1.9 trillion euros.

 

Please click here to view the whole statement.

ALFI: Comments to the European Commission's draft UCITS IV Directive released on 16/07/2008

- ALFI statements

The Association of the Luxembourg Fund industry (ALFI) is the representative body of the Luxembourg fund industry. Its membership includes funds as legal entities and professionals of the fund sector, among which depositary banks, fund administrations, transfer agents as well as asset managers. ALFI would also like to underline that although Luxembourg is an important fund administrative support centre, asset management activities and in particular macro-economic investment management have become an aspect of the Grand Duchy’s financial sector which is not to be

Call for evidence - transparency and distribution requirements for substitute retail investment products

- ALFI statements

ALFI responded to the European Commission’s call for evidence on the need for a coherent approach to product transparency and distribution requirements for “substitute” retail investment products. The Association’s standpoint is to provide the Commission with an overview of product types which do not fall under the investment funds banner  but may be considered as a source of unfair competition in relation to UCITS. Practical examples of missellings to investors in this context are also given, and the question of the advantages and disadvantages of UCITS and nationally regulated funds versus substitute retail investment products is also addressed in this paper. Finally ALFI makes recommendations as to the product disclosure in relation with MiFID rules and the Prospectus Directive’s provisions.

Reply to the Commission’s Call for Evidence regarding Private Placement Regimes in the EU

- ALFI statements

ALFI 1 welcomes the Commission’s initiative on a Call for Evidence regarding private placement
regimes in the EU.
ALFI supports measures aiming at facilitating cross-border private placements of investment funds
and of investment fund - like investment structures.
ALFI is of the view that the current absence of an EU – wide cross-border placement regime is an
obstacle to certain forms of capital raising and of capital spending notably in strategic segments of
the capital markets and amounts to a single market failure.

Displaying page 14 on 15 pages