LexGo

Financial law


Subscription Finance Cayman Islands - Luxembourg Analysis

Subscription Finance Cayman Islands - Luxembourg Analysis
22/03/2019

The Cayman Islands and Luxembourg are two of the world’s leading investment funds jurisdictions. As fund structures develop it is increasingly common to see structures that include Cayman Islands and Luxembourg vehicles.

Read more
BREXIT: Luxembourg takes additional steps to mitigate Brexit effects

BREXIT: Luxembourg takes additional steps to mitigate Brexit effects
22/03/2019

Yesterday, a second draft law was released aiming at mitigating Brexit effects for the investment fund sector. It follows the first draft law on Brexit, which introduced among others a grand-fathering period of up to 21 months during which UK management companies of Luxembourg

Read more
Register of beneficial owners: New Grand Ducal Regulation

Register of beneficial owners: New Grand Ducal Regulation
08/03/2019

The 4th EU AML Directive1, as amended by the 5th EU AML Directive2, 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
Luxembourg Brexit Bill for the Financial Sector

Luxembourg Brexit Bill for the Financial Sector
26/02/2019

On 31 January 2019, the Luxembourg finance minister introduced a bill (n° 7401) on measures to be taken in relation to the financial sector in the event the United Kingdom (the "UK") leaves the European Union (the "EU") without reaching an agreement on the final terms of its withdrawal (the "Bill").

Read more
Luxembourg ratifies the MLI

Luxembourg ratifies the MLI
25/02/2019

On 14 February 2019, the Luxembourg Parliament adopted Bill of law 7333 approving the text of the Multilateral Instrument ("MLI") signed in June 2017.

Read more
Luxembourg ratifies the Multilateral Instrument

Luxembourg ratifies the Multilateral Instrument
22/02/2019

On 14 February 2019, the Luxembourg parliament approved the bill of law to ratify the Multilateral Instrument (“MLI”) and introduce it into domestic law.

Read more
Luxembourg’s confirmation that securities can be held through DLT-like technologies, including blockchains!

Luxembourg’s confirmation that securities can be held through DLT-like technologies, including blockchains!
18/02/2019

Bill of Law 7363 was approved on 14 February 2019 – Luxembourg’s confirmation that securities can be held through DLT-like technologies, including blockchains!

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
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
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

LexGO Network