The law of 21 July 2021 implementing Directive (EU) 2019/1160 with regard to cross-border distribution of collective investment undertakings (the “CBDF Directive”) and amending the law of 17 December 2010 on undertakings for collective investment
As a reminder, Regulation (EU) 2019/1156 (the “Regulation”) and Directive (EU) 2019/1160 (the “Directive” and together the “Cross-Border Marketing and Distribution Rules”) introduced new rules concerning the cross-border marketing and distribution of investment funds
This package aims to further enhance the existing EU AML-CFT framework by taking into account new and emerging challenges linked to technological innovation (including virtual currencies, more integrated financial flows in the Single Market and the global nature of terrorist organisations)
The law of 21 July 2021 implementing Directive (EU) 2019/1160 with regard to cross-border distribution of collective investment undertakings (the “CBDF Directive”) and amending the law of 17 December 2010 on undertakings for collective investment,
The Luxembourg legislator has adopted the bill of law 7464[1] amending i.a. the amended laws of 5 April 1993 on the financial sector and of 10 November 2009 on payment services
The Law of 22 October 2008 on the so-called "Housing Pact", as amended by the Law of 3 March 2017 (the so-called "Omnibus Law"), gives, under certain conditions, preemption rights to municipalities and/or the Housing Fund (Fonds du Logement).
On the 21 April 2021, the European Commission released a package of measures to help improve the flow of money towards sustainable activities across the European Union, in line with the European Commission Sustainable Finance Action Plan
On 15 June 2021, the Luxembourg Financial Sector Supervisory Authority (the CSSF) updated its FAQs on the statuses of the Professionals of the Financial Sector (PSFs) by issuing clarifications on lending activities falling out of scope of the authorisation requirement,
On 30 June 2021, the Luxembourg legislator adopted bill of law 7677 (the “Bill of Law”) (i) regarding the organisation of the control of transport of cash entering or leaving the Grand-Duchy of Luxembourg
The new law of 15 July 2021 reforming aspects of civil and commercial legal procedure was published this week.
