LexGo

Banking law


MiFID II: Third country (national) regime – a first list of

MiFID II: Third country (national) regime – a first list of "equivalent" jurisdictions and territorial scope clarification by the CSSF
10/07/2020

On 1st July 2020, the CSSF released its Circular 20/743, thereby partially amending Circular letter 19/716. On the same day, the CSSF also enacted Regulation CSSF 20-02, thereby setting up a first list of "equivalent" jurisdictions under the national third country regime

Read more
CSSF publishes two important texts on the provision of investment services in Luxembourg by third country investment firms

CSSF publishes two important texts on the provision of investment services in Luxembourg by third country investment firms
06/07/2020

On 2 July 2020, the Commission de Surveillance du Secteur Financier (the “CSSF”) published two important texts for third country firms providing investment services or the carrying out of activities and ancillary services in Luxembourg:

 

Read more
Clarifications of the rules governing the provision of investment services or performance of investment activities in Luxembourg by third country firms

Clarifications of the rules governing the provision of investment services or performance of investment activities in Luxembourg by third country firms
04/07/2020

On 1 July 2020, the Luxembourg supervisory authority (the Commission de Surveillance du Secteur Financier - CSSF) issued the circular n°20/743 (the Circular) amending the existing CSSF circular 19/716 on the provision of investment services 

Read more
CSSF clarification on triggers for licence requirements in Luxembourg

CSSF clarification on triggers for licence requirements in Luxembourg
03/07/2020

A new CSSF Circular 20/743 provides more clarification on third country firms providing investment services or performing investment activities.

Read more
CSSF publishes list of third country equivalent jurisdictions

CSSF publishes list of third country equivalent jurisdictions
03/07/2020

In the absence of an equivalence decision published by ESMA pursuant to MiFID II, the CSSF has the power to adopt its own equivalence decision.

Read more
DAC6 and CRS deadlines extended

DAC6 and CRS deadlines extended
13/05/2020

On 8 May 2020, the European Commission released a directive proposal amending the EU Directive on Administrative Cooperation to address the urgent need for deferring certain time limits for the filing and exchange of information in the field of taxation due to the COVID-19 pandemic

Read more
Changes to the anti-money laundering and counter-terrorism financing framework in 2020

Changes to the anti-money laundering and counter-terrorism financing framework in 2020
01/05/2020

The year 2020 is a year of changes for the Luxembourg anti-money laundering and counter-terrorism financing (“AML-CTF”) framework. In fact, Luxembourg has implemented Directive 2018/843 of the European Parliament

Read more
Luxembourg’s new IBAN register: increased obligations for entities offering accounts and safe deposit boxes seem straightforward, assuming your data is under control

Luxembourg’s new IBAN register: increased obligations for entities offering accounts and safe deposit boxes seem straightforward, assuming your data is under control
30/04/2020

In line with the requirements of the 5th Anti-Money Laundering Directive, Luxembourg has introduced a centralized IBAN and safe-deposit box register. This creates new obligations for entities providing accounts and safe deposit boxes,

Read more
Fighting money laundering and terrorist financing remains of paramount importance during the Coronavirus (COVID-19) crisis

Fighting money laundering and terrorist financing remains of paramount importance during the Coronavirus (COVID-19) crisis
22/04/2020

On 10 April 2020, the Commission de Surveillance du Secteur Financier (“CSSF”) published a new circular 20/740 on financial crime and anti-money laundering and counter-terrorism financing (“AML/CFT”) implications during the Coronavirus (COVID-19) pandemic.

Read more
Luxembourg law on State guarantee for bank loans

Luxembourg law on State guarantee for bank loans
21/04/2020

The Luxembourg Parliament recently adopted a new law establishing a guarantee regime in favour of the economy within the framework of the COVID-19 pandemic.

Read more

LexGO Network