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Banking law


European Supervisory Authorities - Legality and judicial control of their activity

European Supervisory Authorities - Legality and judicial control of their activity
10/12/2019

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 of the European Union (CJEU) for a preliminary ruling regarding the legality 

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

Reaching year-end, here are the latest AML communications from the CSSF
09/12/2019

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

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New transparency rules in Luxembourg

New transparency rules in Luxembourg
29/11/2019

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

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Strong customer authentication for e-commerce card payment transactions: an EU harmonised extension of 14 months to be compliant

Strong customer authentication for e-commerce card payment transactions: an EU harmonised extension of 14 months to be compliant
22/11/2019

Following its June opinion on the possibility for national competent authorities to work with payment service providers and relevant stakeholders and agree on limited additional time for compliance with the strong customer authentication requirements in respect of e-commerce card payment transactions,

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Upcoming FATCA - CRS Issues: What the Alternative Fund Industry Needs to Know

Upcoming FATCA - CRS Issues: What the Alternative Fund Industry Needs to Know
14/11/2019

The world of alternative investment funds was not the primary target of the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) norms.

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Bracing for Brexit: Luxembourg updates notification procedures for UK firms, UCIs and their managers in the event of a hard Brexit

Bracing for Brexit: Luxembourg updates notification procedures for UK firms, UCIs and their managers in the event of a hard Brexit
08/11/2019

On 15 July 2019, the CSSF published two press releases (19/331 and 19/342 ) directed at (i) UK firms and (ii) UCITS management companies and AIFMs3 , clarifying the actions to be taken by UK entities in anticipation of a hard Brexit 

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Mr. David Maria

The New Anti-fraud and Anti-abuse Assessment for Cross-border Conversions, Mergers and Divisions
25/10/2019

In April 2019 EU institutions approved the text of the new directive amending directive 2017/1132(1) by introducing procedures governing the cross-border conversions and divisions of limited-liability companies

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New CSSF communication in the context of Brexit for UK AIFMs

New CSSF communication in the context of Brexit for UK AIFMs
16/10/2019

The CSSF has issued on 11 October 2019 a new press release (Press Release 19/48) in the context of Brexit and related mandatory communication by UK alternative investment fund managers (AIFMs) of Luxembourg regulated or unregulated alternative investment funds (AIFs).   

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Luxembourg's national risk assessment of money laundering and terrorist financing is now available!

Luxembourg's national risk assessment of money laundering and terrorist financing is now available!
14/10/2019

The Commission de Surveillance du Secteur Financier (the “CSSF”) has published on 9 October 2019 a press release in which it informs professionals subject to its supervision that the national risk assessment of money laundering and terrorist financing is available. 

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New communication from the CSSF to UK managers in the context of a hard Brexit

New communication from the CSSF to UK managers in the context of a hard Brexit
14/10/2019

On 11 October 2019, the Luxembourg supervisory authority, the CSSF, issued a new press release in relation to the mandatory notification process in the context of Brexit to the attention of all UK managers of alternative investment funds ("AIFs") established in Luxembourg.

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