Investment Funds 2025

FRANCE

Belgium

Germany

Paris

France

Switzerland

Law and Practice Contributed by: Rima Maitrehenry, Fabrice Rymarz, Charles-Xavier Vincenti and Stein Mpassi Loufouma Racine

Italy

Spain

Contents 1. Market Overview p.143 1.1 State of the Market p.143 2. Alternative Investment Funds p.143

2.1 Fund Formation p.143 2.2 Fund Investment p.146

2.3 Regulatory Environment p.147 2.4 Operational Requirements p.151

2.5 Fund Finance p.151 2.6 Tax Regime p.152 3. Retail Funds p.157 3.1 Fund Formation p.157 3.2 Fund Investment p.157

3.3 Regulatory Environment p.157 3.4 Operational Requirements p.158

3.5 Fund Finance p.158 3.6 Tax Regime p.158 4. Legal, Regulatory or Tax Changes p.158 4.1 Recent Developments and Proposals for Reform p.158

140 CHAMBERS.COM

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