Luxembourg – The Better Compromise

The case for the Grand Duchy

MANFRED SCHRAEPLER, HEAD OF FINANCIAL ASSETS & LIQUID PRIVATE MARKETS, AQUILA CAPITAL, HAMBURG

The EU referendum in Great Britain has brought Europe’s achievements back into public consciousness; many people had started to take those achievements for granted. One such institutional achievement is the European single market, which has made cross-border financial services possible. The 1985 UCITS Directive (85/611/EC) was an extremely successful standard for investment funds applicable for the first time in all member states.

This directive has made Europe more attractive...

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