Compare Every Vehicle.
Side by Side.
From UCITS vs RAIF to Article 6 vs 9 — all data sourced directly from the Lux Investment Funds 2025 guide.
Luxembourg Fund Vehicles
UCITS vs SIF vs RAIF vs ELTIF vs MMF — eligibility, authorization, investment rules
Management Entity Types
UCITS ManCo vs External AIFM vs Self-Managed SICAV — capital, substance, passporting
SFDR Article Classification
Article 6 vs Article 8 vs Article 9 — disclosure, PAI, portfolio requirements
Authorization Requirements
Step-by-step authorization requirements by fund vehicle type
Marketing & Passport
EU passport availability, NPPR requirements, retail access, pre-marketing rules, and cross-border notification procedures
Investment Rules by Regime
UCITS vs Part II vs SIF vs RAIF — diversification limits, leverage, asset eligibility, short selling
Governance & Board Requirements
FCP vs SICAV vs ManCo vs Self-Managed — board composition, independence, CO requirements
Risk Management by Fund Type
UCITS vs AIF vs SIF vs MMF — risk framework, leverage limits, stress testing, NAV valuation
IFM Delegation Rules
What can and cannot be delegated by ManCos and AIFMs — non-delegable tasks side by side
Administration Functions
NAV frequency, error thresholds, AML obligations, and record-keeping requirements across UCITS, AIF, SIF, RAIF, and MMF
Depositary Liability
Strict liability vs negligence standard, sub-custody delegation, force majeure exceptions, and oversight duties by fund regime
Fund Documentation
Prospectus vs offering document, annual report deadlines, KID obligations, SFDR disclosures, and AIFM reporting across all fund regimes
Tax & Cost Comparison
Taxe d'abonnement rates, CSSF authorization fees, VAT treatment, and investor tax obligations across all Luxembourg fund regimes
LuxSE Listing Venues
BdL regulated market vs Euro MTF vs LuxSE SOL — admission requirements, MAR obligations, ongoing reporting, and when each venue is the right choice