The Luxembourg parliament passed on July 10th, 2013 the draft law aiming to enact the Alternative Investment Fund Managers Directive (AIFMD) into national law. In line with the AIFM Directive, the law lays down the rules applicable to the authorization, the scope of activities and the transparency requirements relating to Luxembourg alternative investment fund managers (AIFMs) managing and/or marketing alternative investment fund (AIFs). The main object of the Luxembourg’s Law is to regulate AIFMs and not directly AIFs.