News & Articles

29/09/22

New obligations for employers on the horizon

On 20 June 2019, the European Parliament and the Council of the European Union approved Directive (EU) 2019/1152 on transparent and predictable workin…

28/09/22

Cross-border distribution of investment funds – New CSSF FAQ

On 20 September 2022, the CSSF published a new FAQ: CBDF - Guidance on marketing communications.

26/09/22

Disclosure letters to share purchase agreements - Basics of the procedure and outline of Luxembourg market pra…

A sale of shares and the related share purchase agreement commonly provide for warranties given by the sellers to the buyers. The warranties are state…

23/09/22

ESG in the banking sector - CSSF survey on sustainable finance

The main objective of the survey was to assess the general public’s knowledge and understanding of sustainable finance and gauge the degree of interes…

22/09/22

EU proposes ban on products made with forced labour

The EU Commission’s proposal to ban products made with forced labour from the Union market imposes new challenging compliance and due diligence obliga…

22/09/22

CSSF FAQ on Cross Border Distribution of Funds: Guidance on Marketing Communications

21/09/22

War in Ukraine: full suspension of the EU-Russia Visa Facilitation Agreement

On 9 September 2022, the Council of the European Union adopted Decision (EU) No 2022/1500 suspending the application of all provisions of the agreemen…

19/09/22

Modernization of the law 5 August 2005 on financial collateral arrangements

The amended law of 5 August 2005 on financial collateral arrangements has long been recognized in Europe as offering strong legal certainty and protec…

12/09/22

Sustainable Finance update (asset management): CSSF communication on SFDR RTS confirmation letter

Further to our newsflash of 29 July 2022 in connection with the CSSF's communication of 27 July 2022 in relation to SFDR and the upcoming entry into f…

07/09/22

The CSSF confirms the procedure for the implementation of the SFDR RTS

Following the publication of the Delegated Regulation (EU) 2022/1288 and the confirmation of the application date of the SFDR Level 2 provisions (or “…

26/08/22

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…

25/08/22

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 significan…

23/08/22

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…

22/08/22

Is merger control in Luxembourg forthcoming?

Currently, Luxembourg is the only EU Member State without a national merger control regime. 

18/08/22

Recent amendments to the Luxembourg AML/CTF legal framework

Make sure that your policies and procedures are up-to-date.

17/08/22

CSSF communication on SFDR and SFDR RTS regulatory requirements

On 27 July 2022, the Luxembourg financial regulator (CSSF) released a communication on the regulatory requirements arising from Regulation (EU) 2019/2…

17/08/22

Dates of entry into force of requirements regarding client sustainability preferences in MiFID context

On 2 August 2022, the CSSF released a Communiqué on the application of MiFID rules to sustainability and more specifically to the consideration of the…

09/08/22

Report on the extent of voluntary disclosure of PAI under SFDR

On 28 July 2022, the European Supervisory Authorities (ESAs) have published, through the Joint Committee (JC), a report (the Report[1]) to the Eu…

08/08/22

PRIIPS | Application date of new rules for key information documents

On 24 June 2022, the European Commission published in the Official Journal of the EU the Commission Delegated Regulation (EU) 2022/975 …

05/08/22

Additional sustainable finance requirements for Luxembourg UCITS management companies and AIFMs

On 1 August 2022, the following delegated acts, which complement the Sustainable Finance Disclosure Regulation 2019/2088 (SFDR) entered…