Investment Funds 2025

ITALY

Switzerland

Slovenia

Croatia

France

Bosnia

Italy

Rome

Albania

Law and Practice Contributed by: Emidio Cacciapuoti, Giorgio Bobba and Davide Massiglia ADVANT Nctm

Contents 1. Market Overview p.263 1.1 State of the Market p.263 2. Alternative Investment Funds p.263

2.1 Fund Formation p.263 2.2 Fund Investment p.266

2.3 Regulatory Environment p.267 2.4 Operational Requirements p.270

2.5 Fund Finance p.271 2.6 Tax Regime p.271 3. Retail Funds p.278 3.1 Fund Formation p.278 3.2 Fund Investment p.279

3.3 Regulatory Environment p.279 3.4 Operational Requirements p.281

3.5 Fund Finance p.281 3.6 Tax Regime p.281 4. Legal, Regulatory or Tax Changes p.281 4.1 Recent Developments and Proposals for Reform p.281

260 CHAMBERS.COM

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