Actualités et articles

27/02/24

The Bahamas, Belize, the Seychelles & the Turks and Caicos Islands removed from the EU list of non-coopera…

16/02/24

CSSF publishes updated money-laundering/terrorist financing risk assessment for the private banking sector

On 7 February 2024, the Luxembourg supervisory authority for the financial sector (Commission de Surveillance du Secteur Financier, “CSSF”) released t…

15/02/24

Draft law introducing measures for reviving building construction sector as from 2024 presented to Parliament

On 9 February 2024, a draft law introducing various measures to revive the building construction sector was published (the “Draft Law”). It follows an…

14/02/24

The EU Parliament and Council reached an agreement on ESG rating

On 5 February 2024, the European Parliament (the Parliament) and the Council of the European Union (the Council) reached a provisional agreement on th…

12/02/24

ESMA reports on impact-washing concerns around funds focused on the United Nations Sustainable Development Goa…

On 1 February 2024, the European Securities and Markets Authority (ESMA) published an article on the efficiency of funds focused on the United Nations…

09/02/24

The future of avoidance actions in Luxembourg: the potential impact of the proposed EU Directive on harmonisat…

While there is a certain alignment between the proposed EU Directive on harmonisation of insolvency law and Luxembourg law, Luxembourg legislation wil…

07/02/24

Transparency Law | CSSF enforcement priorities

On 8 January 2024, the CSSF published a press release for the attention of issuers of securities subject to the law of 11 January 2008 on transparency…

31/01/24

On repeat but louder: the ACM’s 2024 priorities

On 23 January 2024, the Authority for Consumers and Markets (ACM) announced its 2024 priorities. They are the same for the fourth consecutive year (se…

30/01/24

Financial services contracts concluded at a distance | New directive enters into force

The use of digital tools by consumers has been increasing at a rapid pace in recent years, including for the conclusion of financial services. It is i…

30/01/24

Réforme des chèques-repas : entrée en vigueur imminente

Au 1er janvier 2024, la réforme des chèque repas entrera en vigueur et viendra modifier substantiellement le modèle existant.

29/01/24

DORA: first set of final level 2 rules for ICT and third-party risk management and incident reporting framewor…

The ESAs have published the first set of final draft technical standards under DORA aimed at enhancing the digital operational resilience of the EU fi…

26/01/24

CAA clarifications on the notion of insurance intermediary in the context of group insurance contracts

On 24 January 2024, the Commissariat aux Assurances (the “CAA”) released an information note regarding the notion of insurance intermediary in the con…

25/01/24

ICT-related incident reporting – new CSSF Circular and Regulation

On 5 January 2024, the Commission de Surveillance du Secteur Financier (CSSF) issued Circular CSSF 24/847 (CSSF Circular). At the same time, the CSSF …

24/01/24

New EBA guidelines to manage AML risks as part of the activities of crypto-asset service providers

EBA released guidelines amending ML/TF Risk Factors Guidelines to include crypto-asset service providers within its AML framework.

19/01/24

Jours fériés légaux : quelles nouveautés ?

De nouvelles règles vont entrer en vigueur très prochainement concernant les situations où deux jours fériés légaux tombent le même jour.

18/01/24

Directors' fees are no longer subject to VAT in Luxembourg

On 21 December 2023, the Court of Justice of the European Union (“ CJEU ” or “ Court ”) issued a decision on the case C-288/22. The Court puts an end …

17/01/24

AFM's spotlight on substantial holding notifications

In its recently published market watch, the AFM focuses on notifications of substantial holdings and gross short positions. The AFM expands on its sup…

12/01/24

Competition law in 2024: putting theory into practice

2023 marked the near finale of the European Commission’s overhaul of its competition policy, leaving only a few loose ends to tie up in 2024/2025.

10/01/24

ELTIF 2.0 now applicable! What does it mean in practice?

The European Parliament voted on 15 February 2023 in favour of a major update to the EU’s regulation for long-term investment funds (ELTIFs), also kno…

04/01/24

Luxembourg’s new bill on merger control

Luxembourg is the last EU Member State without a legal framework on merger control. At present, the Competition Authority (“Authority”) can only inter…