Investment funds - Regulatory framework (UCITS and AIFs)

Investment funds are one of the major industries in Luxembourg. This course will cover the main regulations applicable to investment funds in Luxembourg and their service providers, with a focus on UCITS and AIFs regulations.

By the end of this training, participants will be able to have a general view of the regulations applicable to investment funds and their service providers in Luxembourg.

General introduction:

• AIFs versus commercial companies
• Definition regulated versus unregulated structures
• UCITs

Fund's regulatory framework:

• Presentation for AIFs of the possible fund vehicles (SIF, SICAR, RAIF) and the usual company forms (S.A., SCS, SCSp)
• Presentation of the FCP
• Responsibilities of the service providers (including AIFMD and UCITS requirements)
• Regulatory documentation in an AIF and UCITS
• Marketing: AIFMD passporting

This training is coordinated by Mathieu Scodellaro, Partner in the Regulation, Risk and Compliance practice at PwC Luxembourg.

Mathieu Scodellaro is a partner in the Regulation, Risk, and Compliance practice at PwC Luxembourg, specialising in alternative investment funds and their service providers. He works across diverse strategies including private equity and real estate, supporting clients ranging from established asset managers to first-time fund managers. His expertise covers initial fund structuring, ongoing fund documentation maintenance, and managing exceptional events impacting funds. Mathieu has played a key role from the early stages of projects, acting as a business partner to clients. His work includes restructuring UCITS and alternative funds, strategic service provider restructuring, and delivering internal and external trainings on regulatory roles, depositary regimes, and Luxembourg’s sanction regime.