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Back to 2016 -Forward to 2017
05/01/2017

To better counter the financing of terrorism and increase transparency, a proposal for a directive amending Directive 2015/849 has been adopted. This proposal is aimed, inter alia, at (i) extending the list of obliged entities to virtual currency exchange platforms and custodian wallet providers, (ii) reducing the thresholds below which reduced Customer Due Diligence (CDD) may be applied in relation to certain pre-paid instruments, (iii) enabling FIUs and competent authorities to have access to information on accounts by requiring Member States to put in place automated centralised mechanisms for this purpose, such as centralised registries, (iv) setting up a minimum set of requirements to be applied by all Members States for the application of enhanced CDD when dealing with persons established in high-risk third countries and (v) granting public access to certain beneficial ownership information (in this context, the 25% shareholding threshold used to identify beneficial owners of corporate entities is lowered to 10% with respect to certain limited types of entities which are exposed to a specific risk of money laundering or tax evasion).

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Legal Alert | Actualités estivales de l'AML

Legal Alert | Actualités estivales de l'AML
21/08/2015

La perpétuelle évolution du droit luxembourgeois de l’anti-blanchiment ne connaît pas de pause estivale. Les règles du volet préventif de la lutte anti-blanchiment viennent en effet de subir deux modifications.

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Adoption of the law on electronic archiving by the Chamber of Deputies

Adoption of the law on electronic archiving by the Chamber of Deputies
08/07/2015

Luxembourg is on its way to take a crucial step towards a “paperless office”.

 

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Certificates of residence for funds

Certificates of residence for funds
12/06/2015

Circular L.G. - A. n°61 issued on February 12th 2015 (hereafter the "Circular") by the Luxembourg tax authorities (hereafter the "LTA") aims at clarifying their position with regards to the issuance of certificates of residence for undertakings for collective investments (hereafter "UCIs") as well as the specific procedure to be followed depending on the type of UCIs and the relevant country requesting the certificate of residence.

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Luxembourg – Draft law on e-archiving

Luxembourg – Draft law on e-archiving
23/04/2015

Long awaited, the draft law on the dematerialisation and preservation of documents is still passing through the adoption process.

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Luxembourg – The Independent Audiovisual Authority of Luxembourg is operational

Luxembourg – The Independent Audiovisual Authority of Luxembourg is operational
26/03/2015

Created by the law of 27 August 2013, the Independent Audiovisual Authority of Luxembourg ("ALIA") is fully operational. In late October 2014, the Luxembourg government approved the composition of its consultative assembly, whose purpose is to submit non-binding opinions to ALIA's board of directors.

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AIFMD | ESMA guidelines - Asset segregation

AIFMD | ESMA guidelines - Asset segregation
20/03/2015

Asset segregation is one of the provisions of more relevance when it comes to depositaries under Directive 2011/61/EU of the European Parliament and of the Council of June 8th 2011 on Alternative Investment Fund Managers (the "AIFMD") and it is aimed at improving investor protection.

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Updated ESMA Q&A On Prospectuses

Updated ESMA Q&A On Prospectuses
16/03/2015

On 21 October 2014, ESMA published an updated version of its Q&A on prospectuses.

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Le projet de loi relatif à l’archivage électronique : le Conseil d’Etat lève trois oppositions formelles et en maintient une

Le projet de loi relatif à l’archivage électronique : le Conseil d’Etat lève trois oppositions formelles et en maintient une
16/03/2015

En date du 8 octobre 2013, le Conseil d'Etat luxembourgeois rendait un premier avis sur le très attendu Projet de loi relatif à l'archivage électronique et modifiant la loi modifiée du 5 avril 1993 relative au secteur financier (ci-après, le « Projet de Loi »).

Suite aux propositions de modifications du Projet de Loi faites par la Commission de l'économie, le Conseil d'Etat a rendu, le 10 mars 2015, un avis complémentaire sur le Projet de Loi. Dans celui-ci, le Conseil d'Etat a levé trois des quatre oppositions formelles soulevées dans son premier avis.

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The Shanghai-Hong Kong Stock Connect

The Shanghai-Hong Kong Stock Connect
27/02/2015

The Shanghai-Hong Kong Stock Connect (the "Stock Connect") is a securities trading and clearing program developed by Hong Kong Exchanges and Clearing Limited, Shanghai Stock Exchange (the "SSE") and China Securities Depository and Clearing Corporation Limited (the "ChinaClear") with the aim to achieve mutual stock market access between mainland China and Hong Kong.

 

 

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