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Droit financier


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. Mevlüde-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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Law of 16 July 2019 implementing the Regulations on EuVECA, EuSEF, MMF and ELTIF and amending notably the Law on RAIF

Law of 16 July 2019 implementing the Regulations on EuVECA, EuSEF, MMF and ELTIF and amending notably the Law on RAIF
10/09/2019

The Luxembourg law implementing notably the Regulations (EU) 345/2013 on European venture capital funds, (EU) 346/2013 on European social entrepreneurship funds ("EuVECA and EuSEF"), 

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Luxembourg starts the implementation of ATAD 2

Luxembourg starts the implementation of ATAD 2
20/08/2019

On 8 August, the draft law (the “draft law”) implementing the EU Directive 2017/952 of 29 May 2017 (“ATAD 2”) amending Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market (the so-called Anti-Tax-Avoidance-Directive, “ATAD”) was presented to Parliament. ATAD already included measures dealing with hybrid mismatches in an EU context, which have applied in Luxembourg since 1 January 2019 based on Article 168ter of the Income Tax Law.

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ATAD II implementation in Luxembourg: Bill submitted to the Parliament

ATAD II implementation in Luxembourg: Bill submitted to the Parliament
12/08/2019

On 8 August 2019, the Luxembourg government filed with Parliament Bill N° 7466 (the “Bill”) implementing into domestic law Council Directive (EU) 2017/952 of 29 May 2017 (“ATAD II”) amending Council Directive (EU) 2016/1164 (“ATAD I”)

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