Actualités et articles

19/12/22

CSSF provides practical guidance on UCITS KIID replacement

From 1 January 2023, UCITS will have to provide a PRIIPs KID to retail investors and either a UCITS KIID or a PRIIPs KID to non-retail investors. The …

16/12/22

Les risques et périls liés à une requalification d’un prêt en apport déguisé

Dans un récent jugement retentissant du 23 septembre 2022, le tribunal administratif a rejeté la déduction d’intérêts notionnels sur un prêt sans inté…

14/12/22

Amendments to the Luxembourg Financial Collateral Law

On 24 July 2022, the Luxembourg law of 20 July 2022 (the “Law”) entered into force amending, among others, the law of 5 August 2005 on financial colla…

13/12/22

DAC6 - Obligation for lawyers to notify other intermediaries judged invalid by the CJUE (C-694/20)

The Court of Justice of the European Union rendered its judgment in Case C-694/20 (Orde van Vlaamse Balies and Others) regarding the compatibility of …

12/12/22

When transparency clashes with fundamental rights: EU court curbs public access to beneficial owner registers …

By a decision rendered on 22 November 2022, the European Court of Justice (the Court) invalidates the provision of the anti-money laundering directive…

09/12/22

The CSSF published FAQs on SFDR

08/12/22

ESG - Approval of CSRD

On 28 November 2022, the Council of the EU formally approved the Directive amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006…

07/12/22

Luxembourg Register of Beneficial Ownership's online access suspended following ECJ decision – the facts

The Luxembourg Register of Beneficial Ownership's online access has been suspended following the European Court of Justice's declaration that the Fift…

06/12/22

New EU standards on the development and implementation of processes in a remote customer onboarding context

On 22 November 2022, EBA released guidelines on the use of remote customer onboarding solutions in relation to notably Article 13(1) of Directive (EU)…

05/12/22

The new CSSF FAQ – Sustainable Finance Disclosure Regulation

On 2 December 2022, the CSSF issued an FAQ in relation to the Sustainable Finance Disclosure Regulation (EU) 2019/2088 (SFDR) (“FAQ”). In its FAQ the …

05/12/22

The Luxembourg property tax reform: too slow to address efficiently the housing challenges!

In the Grand Duchy of Luxembourg, property tax is one of the oldest taxes, and its reform, which has been part of the political discussion for years, …

02/12/22

Revenus minimaux : des changements à venir au Luxembourg

Le Gouvernement luxembourgeois a donné son accord pour une augmentation du salaire social minimum de 3,2% au 1er janvier 2023.

02/12/22

New competition law adopted

On 24 November 2022, Luxembourg enacted a new law on competition (“Law”), aiming to overhaul the current competition legislation and transpose into Lu…

01/12/22

AIFMD II: a progress report on the reforms

A year has now passed since policymakers proposed reforms to EU rules on alternative investment funds (AIFs).

01/12/22

A low degree of similarity?

In a recent decision, the General Court held that the trade mark consisting of a figurative animal (right) does not cause a likelihood of confusion wi…

30/11/22

No longer public access to UBO data without legitimate interest

On 22 November 2022, the Court of Justice of the European Union (the "CJEU") struck down the provision of the 5th AML Directive 2018/843 ("AML V") whi…

29/11/22

Agrément de la CSSF requis pour les sociétés de services de crowdfunding et grandfathering jusqu’au 10 novembr…

Dans son communiqué de presse daté du 25 novembre 2022, la CSSF fait suite à son précédent communiqué du 10 juin 2022 concernant le Règlement (UE) 202…

29/11/22

Proposal of regulation amending the regulation (EU) 2015/760 on european long-term investment fund (“ELTIF”)

On November 25, 2021, the European Commission unveiled a proposal (“ELTIF Proposal”) amending the regulation (EUR 2015/760) as regards to the scope of…

25/11/22

ECJ judgment invalidates the provision of AMLD V allowing access to the beneficial owner registers by the gene…

The European Court of Justice (“ECJ”) rendered a decision on 22 November 2022[1] in response to questions raised by the Luxembourg district court in r…

24/11/22

AML V & register of beneficial owners: a public access feature found to be invalid by the CJEU

On 22 november 2022, the european court of justice ruled that the “public access” feature of the luxembourg register of beneficial owners would be inv…