ALFI’s Code of Conduct (the “Code”) outlines industry transparency and internal governance rules. The Code is periodically reviewed and updated and provides management bodies with a framework of high-level principles and best practice recommendations for the governance of Luxembourg investment funds and management companies. ALFI strives to raise awareness for the leadership role that boards of directors have in promoting integrity, ethical behavior and professionalism throughout the sector.

In 2017, ALFI adapted its articles of association to ensure better representation through its board members. There is now a maximum term to the mandates of board members and the chairpersons of our technical committees; and the onboarding procedure is transparent and simple.

ALFI is actively involved in legal and regulatory updates at national and European level, by providing comments and position statements. We regularly participate in meetings with the Luxembourg government, the financial regulator Commission de Surveillance du Secteur Financier (CSSF), the Haut Comité de la Place Financière (HCPF), the Permanent Representation of Luxembourg to the EU in Brussels, the European Commission, the European Securities and Markets Authority (ESMA) and other European supervisory authorities (ESAs). We also actively manage our relations with other industry and trade associations in Luxembourg and abroad.

Every year, ALFI organises three flagship conferences in Luxembourg with the aim to promote the real and practical role that investment funds play in meeting the financing needs of the economy, but also to bring together hundreds of professionals, policymakers, regulators, investor associations and industry bodies.

Clear communication regarding our activities and functioning and overall transparency are essential for us. We strive to keep our members informed of regulatory updates in a timely manner and on a continuous basis through our national and international events (conferences, roadshows and member seminars), our website at and several online communication platforms such as LinkedIn, Twitter, YouTube and Flickr, monthly newsletter emails, press releases and press conferences as well as the publication of numerous brochures and technical guidelines written in collaboration with our members and made available online.