Acting in its role as prudential supervisor, the Commission de Surveillance du Secteur Financier(the “CSSF”), the Luxembourg financial supervisory authority,
The Luxembourg law implementing notably the Regulations (EU) 345/2013 on European venture capital funds, (EU) 346/2013 on European social entrepreneurship funds ("EuVECA and EuSEF"),
On 8 August, the draft law (the “draft law”) implementing the EU Directive 2017/952 of 29 May 2017 (“ATAD 2”) amending Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market (the so-called Anti-Tax-Avoidance-Directive, “ATAD”) was presented to Parliament. ATAD already included measures dealing with hybrid mismatches in an EU context, which have applied in Luxembourg since 1 January 2019 based on Article 168ter of the Income Tax Law.
On 8 August 2019, the Luxembourg government filed with Parliament Bill N° 7466 (the “Bill”) implementing into domestic law Council Directive (EU) 2017/952 of 29 May 2017 (“ATAD II”) amending Council Directive (EU) 2016/1164 (“ATAD I”)
The CSSF has published on 15 July 2019 two press releases concerning mandatory notifications for UK firms as well as for UCIs and their managers in the context of Brexit.
In April 2019 two Luxembourg laws (the “Brexit Laws”) were published in anticipation of the United Kingdom's exit from the European Union without any withdrawal agreement on 31st October 2019 (the "Hard Brexit")
Following the publication of Luxembourg laws of 8 April 2019[1] (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed
Draft Law No. 7349 was adopted by the Luxembourg Parliament on 11 July 2019 (the “Law”) and implements into domestic law certain provisions of the following regulations:
On 1 July 2019, the CSSF issued Press Release 19/28 (Communication regarding PRIIPs assessment) (the “Press Release”) whereby the CSSF requires all SIFs, Part II UCIs and SICARs
On 28 May 2019, EMIR Refit, the Regulation (EU) 2019/834 of 20 May 2019 amending Regulation (EU) 648/2012, was published in the Official Journal of the European Union. The date of entry into force is 17 June 2019.
