Building confidence

The outlook for Luxembourg looks promising. As one of the major centres worldwide for setting up investment fund products, the Luxembourg authorities are about to vote on a series of laws and issue some bills, giving a major new boost to the local market place.

At the end of September, the Luxembourg State Council approved a draft law on a new legal framework relating to undertakings for collective investment, essentially introducing the February 2002 EU Directive into Luxembourg legislation. As

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