News & Articles

The perfect place for any legal or tax professional to keep abreast of everything that’s happening on the Luxembourg legal scene

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08/12/22
ESG - Approval of CSRD

On 28 November 2022, the Council of the EU formally approved the Directive …

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24/10/22
Insurance regulatory update – New CAA Circular Letter 22/17 …

On 13 September 2022, the Commissariat aux Assurances (“CAA”) issuedthe Cir…

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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!

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More News & Articles

EIOPA calls for better value for money in credit protection insurance products and issues a warning to insurer…

On 4 October 2022, the European Insurance and Occupational Pensions Authority (“EIOPA”) published the results of a thematic review (the “Review”) on t…

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ESG In The Insurance Sector - Update On Climate Change Materiality Assessments And Climate Change Scenarios In…

The Application Guidance follows up on the Opinion on the supervision of the use of climate change risk scenarios in the ORSA (the “Opinion”) that EIO…

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CAA specifications regarding the notification regime for outsourcings of significant or critical operational a…

On 19 August 2022, the Commissariat aux Assurances (the “CAA”) published a new Circular-Letter 22/16 (the “CL”) on outsourcing of significant or criti…

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Update on outsourcing of important or critical activities in the insurance sector

The Commissariat aux Assurances published a circular letter which clarifies the regulatory equipments that are applicable to the outsourcing of critic…

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Governance in the insurance sector - New CAA circular on the board of directors of insurance and reinsurance u…

On 29 July 2022, the Commissariat aux Assurances (“CAA”) published a new circular letter (the “22/15 Circular”) setting out regulatory requirements 

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ESG in the insurance sector - Update on the integration of sustainability preferences under IDD

On 20 July 2022, the European Insurance and Occupational Pensions Authority (“EIOPA”) published precious guidance (Guidance on the integration of sust…

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Insurance and reinsurance intermediaries – time to assign for the Legal Entity Identifier

Update on the use of the Legal Entity Identifier (LEI) by insurance and reinsurance intermediaries and insuranc intermediaries

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he CAA calls for impact assessments and stronger vigilance as a consequence of the military aggression by Russ…

In response to the current situation in Ukraine, the Commissariat aux Assurances (the “CAA”) issued Information Note 22/5 (the “Note”) stating that it…

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Luxembourg's CAA note following the Russia/Ukraine crisis

On 10 March 2022, the Luxembourg Commissariat aux Assurances (the “CAA”) published note 22/5 (the “Note”) providing for measures to be taken by all en…

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PRIIPs KID: another chapter in a never-ending story

Implementation timeline proposed to be set to 1 January 2023. 

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Assurance Loyer garanti et subrogation de l'assureur

Tout propriétaire d’un immeuble donné en location peut souscrire une couverture d’assurance qui permet au propriétaire-bailleur d’être indemnisé des l…

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Luxembourg legislator paves the way for the issuance of dematerialised securities using distributed ledger tec…

On 26 January 2021, a new Luxembourg law dated 22 January 2021 (the “2021 DLT Law”) entered into effect, amending the Luxembourg law of 6 April 2013 o…

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Amendment to Insurance Contract Act in relation to Brexit

The Act of 19 December 2020(1) implementing the Budget Act 2021 introduced into the Insurance Contract Act(2) a new provision to secure the outcome of…

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Clarifications on the validity of insurance contracts concluded by UK insurance undertakings in a post-Brexit …

Validity of insurance contracts concluded by UK insurance undertakings in a post-Brexit context – Clarifications by the Luxembourg legislator

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Issuance of dematerialised securities using blockchain technology – Starting 26 January 2021, the new law of 2…

The law of 22 January 2021 (the “2021 Law”) modernises Luxembourg’s legal framework on the issuance of dematerialised securities by expressly confirmi…

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EIOPA outlines approach on product oversight and governance

EIOPA published a paper on its approach to product oversight and governance requirements for insurance distributors and manufacturers

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New CAA AML/CTF regulation

The aim of the New Regulation is to replace and repeal the amended CAA Regulation No. 13/01 of 23 December 2013 on the fight against money laundering …

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Benelux Regulators to Apply EIOPA Guidelines on Outsourcing to Cloud Service Providers by Insurance and Reinsu…

On 24 April 2020, the European Insurance and Occupational Pensions Authority (EIOPA) issued new guidelines on outsourcing to cloud service providers (…

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Le secteur des assurances face au Covid-19

Après que l’état d’urgence ait été déclaré pour une période de 3 mois, le Règlement grand-ducal du 18 mars 2020, tel que modifié, a instauré diverses …

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Brexit Impact On Insurance Undertakings - Clarifications By The Luxembourg Supervisory Authority

In two information notices dated April 2 and April 8, 2020, the Commissariat Aux Assurances (“CAA”) clarified the impact of a hard Brexit and the rela…

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