In January 2019, the Association of the Luxembourg Fund Industry (ALFI) published a note on depositary aspects related to Luxembourg real estate investment funds which takes the form of an FAQ in respect of the role and activity of a depositary of an alternative investment fund (AIF), applicable to regulated and unregulated Luxembourg real estate investment funds (REIFs) in the form of undertakings for collective investment (UCI) governed by Part II of the Law of 17 December 2010 (UCI Law/Part II Law), SIFs governed by the law of 13 February 2007 (SIF Law), SICARs governed by the law of 15 June 2004 (SICAR Law), the RAIF governed by the Law of 23 July 2016 (RAIF Law) and other Alternative Investment Funds (AIF) that are obliged to appoint a depositary in accordance with the AIFM Law.