LexGo

Droit financier


ESG update: A reduced subscription tax rate for UCIs investing in sustainable economic activities

ESG update: A reduced subscription tax rate for UCIs investing in sustainable economic activities
11/01/2021

On 23 December 2020, the Luxembourg Budget Law was published in the Mémorial (“the Law”). It contains some tax measures aiming at promoting investment in sustainable economic activities and is part of a more extensive sustainable finance strategy for Luxembourg as an international financial centre.

Read more
CSSF fast-track procedure for fund managers to comply with SFDR disclosure rules

CSSF fast-track procedure for fund managers to comply with SFDR disclosure rules
04/01/2021

The Commission de Surveillance du Secteur Financier (the CSSF), has issued a communication (the CSSF Communication) to inform investment fund managers (IFMs) of Luxembourg undertakings for collective investment in transferable securities (UCITS) and alternative investment funds (AIFs)

Read more
Brexit: CSSF communication on the equivalence of UK firms for the third country national regime under MiFIR

Brexit: CSSF communication on the equivalence of UK firms for the third country national regime under MiFIR
30/12/2020

Further to the long-awaited outcome of the Brexit negotiations on 24 December 2020, the Luxembourg financial supervisory authority – the Commission de Surveillance du Secteur Financier (“CSSF”) 

Read more
Luxembourg - ESG update

Luxembourg - ESG update
22/12/2020

Creation of a new CSSF fast track procedure for fund managers when implementing EU ESG rules

Read more
With the implementation of SFDR approaching, the CSSF sets-up a fast track procedure

With the implementation of SFDR approaching, the CSSF sets-up a fast track procedure
22/12/2020

With less less than 3 months to go until the Sustainable Finance Disclosure Regulation (“SFDR”) comes into force in the EU (on 10 March 2021), the Luxembourg regulator (the « CSSF») published on 16 December 2020 a communication detailing the new regulatory requirements

Read more
CSSF press release relating to central administration internal governance and risk management for investment firms and credit institutions

CSSF press release relating to central administration internal governance and risk management for investment firms and credit institutions
21/12/2020

The Commission de Surveillance du Secteur Financier (the « CSSF») published on 7 December 2020 the following circular letters relating to central administration, internal governance and risk management which will come into force on 1st January 2021

Read more
ESMA Guidelines on performance fees in UCITS and certain types of AIFs

ESMA Guidelines on performance fees in UCITS and certain types of AIFs
17/12/2020

On 3 April 2020, ESMA eventually released its much-anticipated final report on guidelines on performance fees in UCITS and certain types of AIFs, including the guidelines themselves (the “Guidelines”).

Read more
Regulatory certainty for the investment fund industry in view of the forthcoming end of the transitional period under Brexit

Regulatory certainty for the investment fund industry in view of the forthcoming end of the transitional period under Brexit
14/12/2020

The CSSF reminds market participants that passporting rights will be terminated as of 31 December 2020 at midnight and therefore be lost as of 1 January 2021. 

Read more
Sustainability-Linked Bonds now displayed on the LGX

Sustainability-Linked Bonds now displayed on the LGX
11/12/2020

To keep up to speed with recent market developments, the innovative Sustainability-Linked Bonds (SLBs) can now be displayed on the Luxembourg Green Exchange (LGX).

Read more
Regulatory certainty for the investment fund industry in view of the forthcoming end of the transitional period under Brexit

Regulatory certainty for the investment fund industry in view of the forthcoming end of the transitional period under Brexit
10/12/2020

In view of the departure of the United Kingdom from the EU on 1 February 2020 and the forthcoming end of the transitional period on 31 December 2020, the CSSF stated its expectations and rendered some clarifications through a press release published on 7 December 2020.

Read more

Click here to see the ad(s)

LexGO Network