News & Articles

03/07/24

Publication of the Luxembourg DORA Law

On 2 July 2024, the law of 1 July 20241 relating to DORA (DORA Law) was published in the Official Journal of Luxembourg. It will enter into force on 1…

25/06/24

Market Abuse Regulation (MAR): Ensuring Fair and Transparent Markets

25/06/24

ESAs propose improvements to the SFDR and suggests introducing categories and/or sustainability indicators

On 18 June 2024, the three European Supervisory Authorities (EBA, EIOPA, and ESMA, collectively known as the ESAs) published an opinion (the Opinion) …

20/06/24

Joint ESAs Opinion on the assessment of the Sustainable Finance Disclosure Regulation (SFDR)

The ESAs call for a coherent sustainable finance framework which caters for green transition and investor protection, while addressing identified SFDR…

20/06/24

Update on the AML-CTF Package: publication in the Official Journal of the European Union (“OJEU”) on 19 June 2…

The last three remaining texts of the AML-CTF Package (i.e. the AML Directive [1], the AMLA Regulation [2] and the AML Regulation [3]) have been publi…

19/06/24

Amendments to Luxembourg laws to implement MiCAR and TFR: key takeaways and impact on VASPs

On 21 May 2024, a bill of law n° 8387 was introduced before the Luxembourg Parliament. Its objective is to amend several pieces of Luxembourg legislat…

17/06/24

Implementation of EU acts on digital operational resilience (DORA) into Luxembourg law: new requirements upon …

On 13 June 2024, bill of law 8291 on digital operational resilience (“DORA”) (the “Law”) was voted by the Parliament.

07/06/24

ESMA Final Report on Greenwashing

ESMA has published its Final Report on Greenwashing. This much-anticipated publication follows the Progress Report on Greenwashing published in May 20…

04/06/24

New Regulation on Instant Credit Transfers – Key takeaways.

Instant credit transfers are credit transfers which are executed immediately, 24 hours a day and on any calendar day. In order to unlock the potential…

22/05/24

CSSF’s communication on ESMA final report on guidelines on funds’ names using ESG and sustainability-related t…

17/05/24

European Union: ESMA guidelines on fund names using ESG or sustainability-related terms

On 14 May 2024, the European Securities and Markets Authority (ESMA) published the guidelines on fund names using environmental, social and governance…

16/05/24

The European Commission reports on the open and targeted consultations on the SFDR assessment

The Sustainable Finance Disclosures Regulation (SFDR1) applies since March 2021 with a view to providing transparency to investors about the sustainab…

15/05/24

AMLR: a new EU-wide level playing field through increased harmonisation

After years of negotiations, the EU Parliament has finally adopted the long-awaited EU regulation on the prevention of the use of the financial system…

15/05/24

AMLA: a new game-changer at institutional level

In response to identified weaknesses within the existing anti-money laundering and countering the financing of terrorism (AML/CFT) framework of the Eu…

14/05/24

AMLD6 – EU unveils tougher anti-money laundering rules: key highlights

AMLD6 is set to address the organisation of the institutional AML/CFT framework at national level. The new directive transfers the rules applying to t…

15/04/24

Bill of law for the transposition of CSRD in Luxembourg

Following the adoption of the corporate sustainability reporting directive:1 (the “ CSRD ”), the Member States of the European Union (the “ EU ”) are …

08/04/24

Reform of Circular 02/77 on NAV calculation errors and investment breaches

03/04/24

New CSSF Circular on NAV errors, non-compliance with investment rules and other errors concerning UCIs

On 29 March 2024, the Commission de Surveillance du Secteur Financier (CSSF) published Circular CSSF 24/856 on the investor protection in case of a NA…

02/04/24

Updated CSSF supervisory priorities in sustainable finance

On 22 March 2024, the Commission de surveillance du secteur financier (the “CSSF”) published an updated version of its supervisory priorities in susta…

27/03/24

Good work takes time: AIFMD 2 and UCITS 6 are about to enter into force

With the publication of the directive amending the AIFMD and the UCITS directive, legislative amendments to the AIFMD and the UCITS directive reflecti…