03 August 2021

Cross-Border Distribution Directive implemented – What you should know

The CBDF Directive was conceived to facilitate cross-border distribution of investment funds and to enhance the regulatory framework governing the distribution of UCITS and AIFs.

Luxembourg has implemented the CBDF Directive by way of the law of 21 July 2021 (the Law), and it becomes effective as of today, 2 August 2021. It introduces a number of novelties regarding marketing activities. The Law amends the provisions of both the law of 17 December 2010 on undertakings for collective investment and the law of 12 July 2013 on alternative investment fund managers.


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