News & Articles

09/01/20

New prudential framework for investment firms published

The directive (EU) 2019/2034 and regulation (EU) 2019/2033 on the prudential requirements of investment firms were published in the official EU journa…

03/01/20

Revisiting European Marketing Rules

At the age of the expansion of alternative investment funds collecting more and more commitments from institutional investors in the search for yield,…

02/01/20

Protection of whistleblowers: What are the employer’s obligations?

As the new directive on whistleblowers must be transposed at the latest by 17 December 2021, employers should start thinking about how to implement th…

01/01/20

LuxSE prepares for ESEF (European Single Electronic Format) compliance

From 1 January 2020, issuers on EU regulated markets falling under the scope of the Transparency Directive, will have to prepare annual financial repo…

30/12/19

Second shareholder rights directive: impact on the Luxembourg banking sector

On 1 August 2019, the Luxembourg legislator amended the act of 24 May 2011 relating to the exercise of certain shareholder rights at general meetings …

26/12/19

CJ rules on restriction of eligibiltiy of energy tax rebate scheme

On 14 November 2019 the CJ issued a preliminary ruling in the (second) Dilly’s Wellnesshotel case (C-585/17). Austria decided to limit an existing ene…

24/12/19

Rulings: Limitation of validity period

On 14 October 2019, the Luxembourg 2020 draft budget law was tabled by the Finance Minister to the Parliament (“Draft Budget Law”).

23/12/19

EU Council adopts VAT Implementing Regulation on new VAT rules for e-commerce

19/12/19

Luxembourg 2020 budget law introducing new tax measures and law implementing ATAD II passed

Today, the budget law for 2020 and the law implementing into domestic law Council Directive (EU) 2017/952 of 29 May 2017 (“ATAD II”) have been passed …

19/12/19

ATAD 2 Law adopted

On 19 December 2019, the Luxembourg Parliament adopted the law transposing the Council Directive (EU) 2017/952 of 29 May 2017 (the so-called “ATAD 2”)…

18/12/19

CJ rules that non-EU pension funds can obtain the refund of dividend withholding tax

CJ rules that non-EU pension funds can obtain the refund of dividend withholding tax if they are comparable to domestic pension funds (College Pension…

18/12/19

AMLD V Implementation

In the context of the implementation process of AMLD V1, on 8 August 2019, the Luxembourg government introduced a draft Bill of Law2 (“Bill …

16/12/19

Regulation amending the Benchmarks Regulation published

Regulation (EU) 2019/2089 of the European Parliament and of the Council of 27 November 2019 amending Regulation (EU) 2016/1011 (the “Benchmarks Regula…

10/12/19

European Supervisory Authorities - Legality and judicial control of their activity

On 4 December 2019, the French Conseil d'Etat, at the request of the French Banking Federation, referred important questions to the Court of Justice o…

09/12/19

Reaching year-end, here are the latest AML communications from the CSSF

The Commission de Surveillance du Secteur Financier (the “CSSF”) has communicated several press releases related to the fight against money …

05/12/19

Buying alliances in Europe are under threat

On Monday 18 November 2019 the Dutch Authority for Consumers and Markets ("ACM") announced that the regulator had dawn raided several large traders in…

02/12/19

CJ rules on assessment of abusive practices and refusal to grant VAT deduction (Kuršu zeme)

On 10 July 2019, the CJ delivered its judgment in the case Kuršu zeme (C-273/18). The Latvian company SIA Kuršu zeme deducted input VAT charged to it …

29/11/19

New transparency rules in Luxembourg

New transparency rules in Luxembourg: identification of the beneficial ownership of trusts, fiducies and of similar legal arrangements and registratio…

29/11/19

Upcoming Phased-in Implementation Timeline of SFTR

The Securities Financing Transaction Regulation n°2015/2365 of 25 November 2015 (“SFTR”) aims to enhance the transparency of markets in securities fin…

27/11/19

PLUS: a new service offered by the Luxembourg Stock Exchange to comply with the hyperlink requirements of the …

The Luxembourg Stock Exchange has launched a new service, named PLUS for Perma Link Upload Service, to help issuers in referencing their documents via…