LexGo

COMMERCIAL & COMPANY LAW


Transitional measures for the Luxembourg financial sector in relation to a hard Brexit The Bill of Law (7401)

Transitional measures for the Luxembourg financial sector in relation to a hard Brexit The Bill of Law (7401)
07/02/2019

?On 31 January 2019, the Ministry of Finance has submitted a bill of law to the Luxembourg Parliament (the Bill 7401) as regards the measures to be taken in relation to the Luxembourg financial sector in the case of the exit of the United Kingdom (UK) from the European Union (EU) without the conclusion of an agreement (Hard Brexit).

Read more
Eba guidelines on reporting obligations under the PSD 2 in Luxembourg

Eba guidelines on reporting obligations under the PSD 2 in Luxembourg
07/02/2019

The CSSF has adopted on December 17th 2018 the guidelines of the European Banking Authority on the notification of major operational or security incidents (EBA/GL/2017/10) (the “EBA Guidelines”).

Read more
Transitional measures for the Luxembourg financial sector in relation to a hard Brexit The Bill of Law (7401)

Transitional measures for the Luxembourg financial sector in relation to a hard Brexit The Bill of Law (7401)
07/02/2019

?On 31 January 2019, the Ministry of Finance has submitted a bill of law to the Luxembourg Parliament (the Bill 7401) as regards the measures to be taken in relation to the Luxembourg financial sector in the case of the exit of the United Kingdom (UK) from the European Union (EU) without the conclusion of an agreement (Hard Brexit).

Read more
The Luxembourg Register of Beneficial Owners

The Luxembourg Register of Beneficial Owners
04/02/2019

On 15 January 2019, the law establishing a Luxembourg register of beneficial owners (the "REBECO Act"), transposing Article 30 of the 4th AML Directive (2015/849/EU), was published.

Read more
Mr. Gérald Origer

The Grand Duchy of Luxembourg implements the Register of Beneficial Owners Law
30/01/2019

The Grand Duchy of Luxembourg has fulfilled its European obligations in the fight against money laundering and the financing of terrorism by transposing Directive 2015/849 of 20 May 2015 (also known as the 4th EU AML Directive) into national law with the brand new Law of 13 January 2019 (the RBE Law).

Read more
Key Changes Introduced by the Securitisation Regulation

Key Changes Introduced by the Securitisation Regulation
24/01/2019

Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives

Read more
The Luxembourg Register of Beneficial Owners goes live on 1 March 2019

The Luxembourg Register of Beneficial Owners goes live on 1 March 2019
24/01/2019

The Luxembourg law creating a register of beneficial owners transposing article 30 of Directive 2015/849 was adopted on 13 January 2019 and published on 15 January 2019 in the Memorial (the “Law”)

Read more
New reporting obligation for payment service providers

New reporting obligation for payment service providers
22/01/2019

By a circular 18/704 of 17 December 2018 (the Circular 18/704), the Luxembourg regulator of the financial sector, the Commission de surveillance du secteur financer (the CSSF) formally endorsed the Guidelines of the European Banking Authority (EBA) 

Read more
Luxembourg Law on register of beneficial owners

Luxembourg Law on register of beneficial owners
22/01/2019

The 4th EU AML Directive [1], as amended by the 5th EU AML Directive [2], requires each Member State of the EU inter alia to establish registers of beneficial owners (“RBO”) in respect of corporate and other legal entities incorporated within its territory.

Read more
The Law of January 15th 2019 setting up a register of beneficial owners

The Law of January 15th 2019 setting up a register of beneficial owners
21/01/2019

On December 6th 2017, the Luxembourg Parliament published two bills of laws (PL 7216 and PL 7217) aimed at implementing new transparency measures provided by Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the AML 4thDirective)

Read more

LexGO Network