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.
Les autorités européennes de surveillance enrichissent le puzzle de l’environnement règlementaire de la finance durable par l’apport de nouvelles pièces : le Final Report on draft Regulatory Technical Standards (RTS).
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:
The increasing importance of ESG (environmental, social, governance) factors have already been discussed in ourJanuary M&A Series. With the Disclosure Regulation (EU Regulation 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector)
Submissions of documents under the EU Prospectus Regulation (2017/1129, as amended) and the Law of 16 July 2019 on prospectuses for securities must now be made through the e-Prospectus platform developed by the Luxembourg Financial Supervisory Authority (CSSF).
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.
