Luxembourg’s Parliament recently amended the bill of law implementing the C…
On 28 October 2024, the EU Commission published a proposal to amend the dir…
Each day we publish several articles written by legal and tax specialists from law firms, notaries offices, the legal departments from payroll agencies and tax consultants.
It is the perfect way for lawyers at the Bar, in-house counsel, barristers, solicitors, notaries, bailiffs, paralegals and any other legal professional with an interest in Luxembourg and European law to keep informed of new legislative initiatives, case law, legal doctrine and all other legal developments on the Belgian legal scene!
On 29 November 2021, the Commission de Surveillance du Secteur Financier (the “CSSF”), the Luxembourg financial supervisory authority, publi…
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On 25 November 2021, the European Commission published a proposal for a regulation amending the Regulation (EU) 2015/760 on European Long Term Investm…
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Further to its recent communications on financial innovation, the Commission de Surveillance du Secteur Financier (the « CSSF ») h…
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Today, on 25 November 2021, the EU Commission published a package of legislative proposals. With the proposed measures, the EU Commission is deliverin…
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Since the COVID-19 pandemic continues to impact the good governance of legal entities, the Luxembourg Government decided to extend for the third time …
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The new provisions introduced by Circular 17/650, as amended through Circular 20/744, impact the AML/CFT compliance obligations of the asset managemen…
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On 9 November 2021, the European Banking Authority released draft regulatory technical standards (the “RTS”) on individual portfolio management of loa…
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A dividend is a portion of the profits made by a company and paid to its shareholders out of distributable amounts as defined by Luxembourg law.The ri…
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On 3 November 2021, the CSSF has announced in its Press Release 21/26 that it has published updated versions of (i) its FAQs on the Luxembou…
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In adapting its administrative practice, the CSSF has provided clarification on the holding of ancillary liquid assets by UCITS under the Law of 17 De…
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On 28 October 2021, the Financial Action Task Force (“FATF”) published an updated version of its guidance for a risk-based approach to virtual assets …
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According to a notice issued by the Luxembourg Business Register (LBR), with effect as of the end of March 2022 (exact date to be confirmed), individu…
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On 22 October 2021, the European Commission adopted two implementing regulations[1] on the designation of a statutory replacement rate for two in…
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Despite the main disclosures required pursuant to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SF…
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Recently, an Advocate General’s opinion (the “Opinion”) on Finnish CJEU case C-342/20 (the “Case”) has been published.
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Although special purpose acquisition companies (SPACs) are not a new phenomenon, SPAC activity in the European Union has increased significantly since…
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Effective 15 October 2021, financial institutions must notify the CSSF of any planned outsourcing of material IT activities. This notification obligat…
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On 28 September 2021, the Commission Delegated Regulation (EU) 2021/1722 of 18 June 2021 (the “Regulation”), supplementing Directive (EU) 2015/2366 of…
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Investment fund managers must report to the CSSF on the performance fee models used by all Luxembourg UCITS and AIFs that they manage. For this purpos…
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On 28 September 2021, more than five years after it was first tabled, the so-called “public Country-by-Country Reporting (CbCR) directive” was finally…
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