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Open an Investment Fund in Italy

Open an Investment Fund in Italy

Updated on Friday 09th September 2016

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Open-an-Investment-Fund-in-Italy.jpgItaly provides a wide set of investment vehicles, which are also available for foreign investors who are seeking to expand their business activities on the Italian market. The local investment legislation presents various types of funds, which are also applicable under the European Union’s (EU) directives. Our team of Italian lawyers can offer assistance on the registration of an investment fund in Italy in accordance with the investors’ business plans. 
 

Retail funds in Italy  

Those who want to set up an investment fund in Italy can register it as a retail fund, which is a type of vehicle in which the risks taken by the investors are limited. Retail funds can be set up as closed-ended funds or as open-ended funds
 
Further on, the open-ended funds can be registered as: 
 
undertakings for collective investment in transferable securities (UCITS);
alternative investment funds (AIF), following the EU’s directive for alternative investment fund managers (AIFM)
 
The main regulatory bodies for this category of funds are the Bank of Italy and the Italian Securities and Exchange Commission (CONSOB). They have different responsibilities in regulating the financial market. For example, the CONSOB will supervise transparency and fairness issues, while the Bank of Italy will verify aspects referring to financial stability or risk matters; our attorneys in Italy can offer further details.  
 

Hedge funds in Italy  

The Italian market also provides hedge funds, which are sub-categories of the reserved alternative investment funds. As a general rule, they are addressed to professional investors who have no restrictions in implementing their investment policies. Another important aspect is that such funds can carry out different investment policies at the same time, providing more opportunities to obtain a high return. 
 
They are also regulated by the CONSOB and the Bank of Italy and they have to follow the same transparency rules available for retail funds.
 
When registering a fund in Italy, the investor should establish the fund’s regulations, which will further be analysed by the Bank of Italy. The businessman should provide a set of information, such as the fund’s name, its duration, the management company, the custodian bank and terms referring to the participation in the fund
 
Entrepreneurs who want to receive more details on the registration of an investment fund in Italy can address to our law firm in Italy for legal assistance. 
 

Comments

  • Tania 2016-09-09

    How can I register an UCITS if I am a citizen of a state which is not a member of the EU?

    Hello, you can send us your request via e-mail at office@lawyersitaly.eu and one of our lawyers will answer you. 

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