News & Articles

21/12/23

Clarification on draft technical standards for the ELTIF 2.0 regime

On 19 December 2023, ESMA published its final report setting out the draft regulatory technical standards (RTS) for Regulation (EU) 2015/760 on Europe…

19/12/23

ESAs propose amendments to the SFDR RTS

Continuing the theme of frequent changes to the application of the Sustainable Finance Disclosure Regulation (“SFDR”), the European Supervisory Author…

18/12/23

Accelerated application process for ELTIF 2.0

On 15 December 2023, the CSSF announced its updated application questionnaire for ELTIF 2.0. With the updated application questionnaire, the CSSF aims…

14/12/23

ECJ ruled: no illegal State aid in the European Commission's Amazon case

oday, the European Court of Justice (“ECJ”) annulled the decision of the Commission[1] that had decided that Luxembourg had granted Amazon unlawful St…

12/12/23

Keen to issue a European green bond or a sustainability-linked bond? Here’s what you need to know

On 30 November 2023, Regulation (EU) 2023/2631 of 22 November 2023 on European Green Bonds and optional disclosures for bonds marketed as environmenta…

11/12/23

LP-led Secondaries: Trends, opportunities and key considerations

Initially the secondaries market was considered as a niche in the private equity market. In recent years, secondary transactions have been increasingl…

08/12/23

2024 social elections for Luxembourg companies

Social elections take place every five years. On 12 March 2024, companies with at least 15 employees will hold social elections to vote for their staf…

08/12/23

Preventing environmental damage through sustainable cooperation

The European Commission (EC) recently published its updated Horizontal Guidelines, including a new section on competition and sustainability agreement…

07/12/23

ESAs Final Report on the review of SFDR Delegated Regulation

The ESAs have published their final report on the review of the SFDR delegated regulation. The report builds on amendments initially proposed in the j…

05/12/23

ECJ ruled: no illegal State aid in the European Commission's Engie case

Today, the Court of Justice of the EU (ECJ) annulled the judgment of the General Court1 as well as the decision of the Commission2 that had decided th…

04/12/23

Unconstitutionality of the minimum net wealth tax of EUR 4,815

04/12/23

Frequent ESG disclosure issues under the EU Sustainable Finance framework explained

The European Securities and Markets Authority (ESMA) issued three notes on 22 November 2023 to explain key concepts that apply across the EU Sustainab…

04/12/23

US fund managers – insourcing functions related to Luxembourg holding structures

When US fund managers tap into the European investor market, they frequently offer prospective European investors the option to commit to a Luxembourg…

29/11/23

Luxembourg implements the modernisation of its fund toolbox

On 11 July 2023, the Luxembourg legislator has adopted the bill of Law N°8183 (the Bill) introduced by the Ministry of Finance on 27 March 2023 amendi…

24/11/23

Tax – Luxembourg minimum net wealth tax provisions unconstitutional

20/11/23

European Parliament adopts final version of the Data Act

On 9 November 2023, the European Parliament formally and overwhelmingly adopted, by a majority of 481 votes in favour, 31 votes against and 71 abstent…

16/11/23

AIFMD II: Political agreement is out!

The EU Commission, the Parliament and the Council reached an agreement on AIFMD II in July this year and since then the asset management industry has …

15/11/23

Final text of political agreement on AIFMD II has been published

After two years, including several months of technical trilogues, the final text of the political agreement on the amendment of AIFMD (the AIFMD II) i…

14/11/23

AIFMD 2 - a fine-tuning of the AIFMD framework and targeted harmonisation with the UCITS framework

The text of the political agreement on the review of the alternative investment fund managers directive has been published. The political agreement am…

10/11/23

New guidance on remuneration requirements based on MiFID II

On 13 October 2023, the CSSF released a circular on remuneration requirements under Directive 2014/65 on markets in financial instruments (“MiFID II”)…