In response to the current situation in Ukraine, the Commissariat aux Assurances (the “CAA”) issued Information Note 22/5 (the “Note”) stating that it expects all entities under its supervision to enhance their vigilance
On 10 March 2022, the Luxembourg Commissariat aux Assurances (the “CAA”) published note 22/5 (the “Note”) providing for measures to be taken by all entities supervised by the CAA (the “Entities”) due to the Russia/Ukrainian conflict.
Implementation timeline proposed to be set to 1 January 2023.
Tout propriétaire d’un immeuble donné en location peut souscrire une couverture d’assurance qui permet au propriétaire-bailleur d’être indemnisé des loyers non réglés par un locataire qui ne pourrait ou ne voudrait pas payer.
On 26 January 2021, a new Luxembourg law dated 22 January 2021 (the “2021 DLT Law”) entered into effect, amending the Luxembourg law of 6 April 2013 on dematerialised securities, and the law of 5 April 1993 on the financial sector.
The Act of 19 December 2020(1) implementing the Budget Act 2021 introduced into the Insurance Contract Act(2) a new provision to secure the outcome of insurance policies underwritten by UK insurers post-Brexit.
Validity of insurance contracts concluded by UK insurance undertakings in a post-Brexit context – Clarifications by the Luxembourg legislator
The law of 22 January 2021 (the “2021 Law”) modernises Luxembourg’s legal framework on the issuance of dematerialised securities by expressly confirming the possibility to use distributed ledger technology.
EIOPA published a paper on its approach to product oversight and governance requirements for insurance distributors and manufacturers
The aim of the New Regulation is to replace and repeal the amended CAA Regulation No. 13/01 of 23 December 2013 on the fight against money laundering and terrorist financing (the “13/01 Regulation”) following the legislative changes resulting from the implementation of EU Directive 2015/849
