Serbia – SEC Alternative Investments

Serbia – SEC Alternative Investments

On 29 March 2019, SER SEC announced consultation on draft AIF law.

Overview of Proposals

  • Closer alignment with EU law, to make it more attractive to foreign investors.
  • Closed, private investment funds separated from current ones as per AIFMD.
  • The law will apply to semi-professional investors e.g. an investor who invests
    50,000 euros and is estimated to have sufficient knowledge and experience.
  • Provisions for small investors, public offerings, cross-border activity regarding
    management of alternative investment funds will not yet be coming info force.
  • Regulates various funds, prescribes types of property in which AIF may invest.

Effectiveness

  • Comment on consultation will run until Apr. 17, 2019.