On 9 April 2021, the CSSF published Circular CSSF 21/769 regarding governance and security requirements for Supervised Entities (as defined below) to perform tasks or activities through Telework (as defined below) (“Circular 21/769”).
On 9 April 2021, the Commission de Surveillance du Secteur Financier (the « CSSF »), the Luxembourg financial supervisory authority, adopted a circular 20/769 on governance and security requirements for supervised entities to perform tasks
In addressing the severe economic impact of the COVID-19 pandemic, the European legislator amended the existing Prospectus Regulation and introduced the new EU Recovery Prospectus.
In order to perfect the transposition into Luxembourg law of the fourth EU AML Directive 2015/849, in line with GAFI recommendations, the Law of 12 November 2004 on the fight against money laundering and terrorism financing (“AML Law”) was amended again.
Entry into force of the law of 5 March 2021 on certain rules for the implementation of Regulation (EU) No 2019/1150 of the European Parliament
On 22 January 2021 Parliament approved Bill 7637, which modified:
On 25 February 2021, the European Supervisory Authorities (“ESAs”) published a joint supervisory statement (the “ESA Statement”) providing guidance on the application of Regulation
Les entreprises assujetties à la loi du 12 novembre 2004 relative à la lutte contre le blanchiment et le financement du terrorisme, ont été au fil du temps contraintes par le législateur à participer de plus en plus activement à la lutte CBL/FT.
The annual online survey for the year 2020 to collect standardised key information concerning money laundering and terrorist financing (“ML/CFT”) risks which professionals under supervision are exposed to and the implementation of related risk mitigation
On 27 January 2021, the Luxembourg supervisory authority for the financial sector, the Commission de Surveillance du Secteur Financier (the “CSSF”), published a circular letter addressed to certain entities of the financial sector,
