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Financial law


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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CSSF extends the deadline for notifications in the context of Brexit

CSSF extends the deadline for notifications in the context of Brexit
07/11/2019

Following the extension of the delay within which the United Kingdom (“UK”) is to leave the European Union (“EU”), the Commission de Surveillance du Secteur Financier (the “CSSF”) has published a press release on 6 November 2019

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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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Equity tokens and shares: similar but not quite so

Equity tokens and shares: similar but not quite so
14/10/2019

A digital world calls for digital assets. Investors’ interest in equity tokens as a new way to invest and get ownership in a company is on the rise.

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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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IBORs: EONIA to €STR transition started today

IBORs: EONIA to €STR transition started today
03/10/2019

The transition from the Euro OverNight Index Average ("EONIA") to a new interest rate based exclusively on actual transactions – the euro short-term rate ("€STR") – has begun earlier today at the occasion of the first publication of €STR by the European Central Bank (“ECB”).

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Ms. MevlĂĽde-Aysun Tokbag

Amendments to the Benchmark Regulation
24/09/2019

Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices and financial contracts or to measure the performance of investment funds (the "Regulation") 

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Luxembourg parallel fund structures

Luxembourg parallel fund structures
17/09/2019

Luxembourg is the largest European and the second largest worldwide fund domicile, due to its efficiency, flexibility and its professional, well-established and experienced fund industry having an excellent reputation

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The Luxembourg financial supervisory authority reminds supervised entities, of the relevance of money laundering and terrorist financing risks in the prudential supervision

The Luxembourg financial supervisory authority reminds supervised entities, of the relevance of money laundering and terrorist financing risks in the prudential supervision
12/09/2019

Acting in its role as prudential supervisor, the Commission de Surveillance du Secteur Financier(the “CSSF”), the Luxembourg financial supervisory authority, 

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