What is SICAR?

Question

I need to know what SICAR is in the next 5 minutes plz help!! i know its a dna database but i need details =D thank u :D

Answer 1

Everything relating to SICAR is financial I am unable to find anything that has to do with DNA

http://www.iflr.com/?Page=17&ISS=21292&SID=610137
The Sicar rules combine flexible corporate and tax treatment with light supervision by the Commission de Surveillance du Secteur Financier (CSSF), the Luxembourg supervisory authority for the financial sector. Except as otherwise provided by the law, the Sicar is subject to the general provisions of the law of 10 August 1915, as amended, on commercial companies. Features of the law include: (i) the recently introduced concept of a well-informed or qualified investor (similar to the Dublin and Jersey designations of a professional or expert investor) to whom access to the Sicar is restricted; (ii) the absence of any specific risk-diversification requirements; (iii) no required promoter or authorization for the promoter (if any); and (iv) no required authorization for the investment manager or any requirements regarding the manager's financial standing or status.