ALCO is pleased to present an illustration of examples on an approach to identify the beneficial owner(s) in investment funds. Please click on this link to get a copy of the document.
This document has been prepared by a task force comprising representatives of ALCO, ALFI, LPEA and Lux Real.
It is to be noted that this document represents the views from members of the task force and is not binding on the associations, their members or on any authority in Luxembourg.
Furthermore it must be underlined that the ultimate responsibility of the beneficial owner identification rests with the board (i) of the fund, (ii) of the management company in case the fund is structured as an FCP, or (iii) of the general partner in case the fund is structured as a société en commandite simple, par actions or spéciale.
Please note that this paper does not take into account any tax considerations.
Enjoy your reading!