Law of 21 December 2012 relating to the Family Office activity
On 28 December 2012 the law of 21 December 2012 relating to the Family Office activity (the “Law”) was published in the Luxembourg Official Gazette (Mémorial).
The Law, which has now entered into force, aims at creating a new regulated activity of the financial sector covering Family Offices. Luxembourg hence becomes the first European Union Member State to adopt a legal framework governing such activity.
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