Actualités et articles

12/12/22

When transparency clashes with fundamental rights: EU court curbs public access to beneficial owner registers …

By a decision rendered on 22 November 2022, the European Court of Justice (the Court) invalidates the provision of the anti-money laundering directive…

09/12/22

The CSSF published FAQs on SFDR

08/12/22

ESG - Approval of CSRD

On 28 November 2022, the Council of the EU formally approved the Directive amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006…

07/12/22

Luxembourg Register of Beneficial Ownership's online access suspended following ECJ decision – the facts

The Luxembourg Register of Beneficial Ownership's online access has been suspended following the European Court of Justice's declaration that the Fift…

06/12/22

New EU standards on the development and implementation of processes in a remote customer onboarding context

On 22 November 2022, EBA released guidelines on the use of remote customer onboarding solutions in relation to notably Article 13(1) of Directive (EU)…

05/12/22

The new CSSF FAQ – Sustainable Finance Disclosure Regulation

On 2 December 2022, the CSSF issued an FAQ in relation to the Sustainable Finance Disclosure Regulation (EU) 2019/2088 (SFDR) (“FAQ”). In its FAQ the …

01/12/22

AIFMD II: a progress report on the reforms

A year has now passed since policymakers proposed reforms to EU rules on alternative investment funds (AIFs).

30/11/22

No longer public access to UBO data without legitimate interest

On 22 November 2022, the Court of Justice of the European Union (the "CJEU") struck down the provision of the 5th AML Directive 2018/843 ("AML V") whi…

29/11/22

Agrément de la CSSF requis pour les sociétés de services de crowdfunding et grandfathering jusqu’au 10 novembr…

Dans son communiqué de presse daté du 25 novembre 2022, la CSSF fait suite à son précédent communiqué du 10 juin 2022 concernant le Règlement (UE) 202…

29/11/22

Proposal of regulation amending the regulation (EU) 2015/760 on european long-term investment fund (“ELTIF”)

On November 25, 2021, the European Commission unveiled a proposal (“ELTIF Proposal”) amending the regulation (EUR 2015/760) as regards to the scope of…

23/11/22

Outsourcing arrangements – Overview of prior CSSF approval or notification requirements following the 2022 leg…

Following the publication of various new or revised CSSF Circulars, CSSF FAQs and CSSF notification forms in the course of 2022, we have summarised be…

23/11/22

CSSF Review on Sustainability Disclosures for Issuers – Guidance for non-financial and financial undertakings

22/11/22

DORA: the forthcoming EU legal framework on Digital Operational Resilience in the financial sector

The rules on the use of information and communication technology ("ICT") in the financial sector were traditionally country and institution-specific t…

21/11/22

ESG in the banking sector - EBA Report on the integration of ESG risks into the SREP

On 24 october 2022, the European banking authority (“eba”) published its report on the integration of esg risks in the supervision of investment firms…

10/11/22

EBA report on incorporating environmental, social and governance risks in the supervision of investment firms

On 24 October 2022, the European Banking Authority (“EBA”) released a report on incorporating environmental, social and governance (“ESG”) risks in th…

07/11/22

The act of 28 October 2022 on the procedure of administrative dissolution without liquidation comes into effec…

The Luxembourg act of 28 October 2022 introducing the procedure of administrative dissolution without liquidation (procédure de dissolution administra…

20/10/22

Clarification by the CSSF regarding eligible entities for the opening of cash accounts in relation to Luxembou…

19/10/22

The Luxembourg Stock Exchange launches a new fast-lane procedure for Euro MTF listings

As a result of consultations with international stakeholders, the Luxembourg Stock Exchange (LuxSE) has launched a new fast-lane procedure for Euro MT…

18/10/22

New publications from the AED with regard to AML/CFT supervision of non-regulated AIFs (excluding RAIFs)

The Administration de l’enregistrement, des domaines et de la TVA (“AED”) has recently published on its website a new section dedicated to the anti-mo…

14/10/22

ESMA Guidelines on suitability updated to take into account sustainability factors, risks and preferences of t…

On 23 September 2022, ESMA released an updated version of its Guidelines on certain aspects of the suitability requirements as provided for under Dire…