Other Management Companies

Two types under Chapter 16

• Article 125-1: management companies that are not authorised as AIFM – they manage vehicles that are not AIFs, act alongside an external AIFM, or manage AIFs below the AIFM thresholds.
• Article 125-2: management companies that manage AIFs above the thresholds without an external AIFM – they must also be authorised as AIFM under the Law of 12 July 2013.

Branches of foreign managers

Management companies from other EU Member States that do not manage UCITS, and from third countries, may open a Luxembourg branch under Chapter 17 of the Law of 17 December 2010 (Article 127).