News & Articles

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…

03/05/24

The Luxembourg government approves major amendments to proposed reform of residential leases

The Luxembourg reform of residential lease agreements took a turn this week, as the Luxembourg government approved major amendments to Bill 7642 on Mo…

02/05/24

Synthèse des lois environnementales impactant le commerce de détail

La loi du 21 mars 2017 relative aux emballages et déchets d’emballage, tout comme la loi du 9 juin 2022 modifiant 1. la loi modifiée du 21 mars 2012 r…

29/04/24

ESG in the insurance sector – CAA update on regulatory challenges linked to sustainable finance

On 16 April 2024, the Commissariat aux Assurances (CAA) published Information Note 24/4 (24/4 Note) to inform market actors about the main regulatory …

29/04/24

ELTIF 2.0: revised RTS amendments issued by ESMA

The European Securities and Markets Authority (ESMA) has responded to the European Commission (the Commission) request for amendments to the draft Reg…

26/04/24

Update on the AML-CTF Package: Formal Adoption by the European Parliament on 24 April 2024

Following the political agreements which have been reached earlier this year, the European Parliament has now adopted the last remaining texts of the …

23/04/24

Exploring the synergy: VAT and transfer pricing

16/04/24

ECON opinion on EC proposal for Transfer Pricing Directive

On 22 February 2024, the Economic Monetary Affairs Committee (“ECON”) of the European Parliament adopted its opinion on the European Commission’s (“EC…

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…

01/04/24

Outsourcing in the insurance sector: evolution of Luxembourg's legal framework

On 19 March 2024, the Luxembourg Chamber of Deputies adopted bill of law 8184 transposing Directive 2021/2118 into national law related to motor vehic…

28/03/24

Luxembourg Tax Administration publishes FAQ on Pillar Two transition rules regarding deferred tax assets and l…

On 25 March 2024, the Luxembourg Tax Administration (“LTA”) published an FAQ aiming to clarify the application of the law of 22 December 2023 transpos…

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…

25/03/24

Publication in the Official Journal of the European Union of the Regulation on instant credit transfers

On 19 March 2024, Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024 amending Regulations (EU) (i) No 260/2012 es…

19/03/24

After many postponements, the Council of the European Union reached an agreement on the Corporate Sustainabili…

As part of the European Green Deal, the European Commission proposed the Corporate Sustainability Due Diligence Directive (“CSDDD” or the “Directive”)…

19/03/24

MiCAR Levels 2 and 3 measures – where do we stand?

Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (“MICAR”) will enter into applicati…

18/03/24

Impact of the Luxembourg Pillar 2 rules on 2023 annual and consolidated accounts

In February and march 2024, the Luxembourg accounting standards board (CNC) published two Q&As that provide useful guidance on the impact of the p…

18/03/24

No impairment of the EC’s impartiality: ECJ upholds Scania judgment

In its judgment of 1 February 2024, the ECJ dismissed Scania’s appeal in its entirety and upheld the Commission’s fine of EUR 880.5 million for Scania…