On 20 December 2019 the Commission de Surveillance du Secteur Financier (the “CSSF”) published circular 19/733 (the “Circular”) implementing the IOSCO recommendations for liquidity risk management in collective investment schemes
At the age of the expansion of alternative investment funds collecting more and more commitments from institutional investors in the search for yield, the European rules on marketing are returning to the scene
In the context of the implementation process of AMLD V1, on 8 August 2019, the Luxembourg government introduced a draft Bill of Law2 (“Bill of Law”), which notably amends the Law of 12 November 2004
Regulation (EU) 2019/2089 of the European Parliament and of the Council of 27 November 2019 amending Regulation (EU) 2016/1011 (the “Benchmarks Regulation”) as regards EU Climate Transition Benchmarks,
The Commission de Surveillance du Secteur Financier (the “CSSF”) has communicated several press releases related to the fight against money laundering and terrorist financing
The Securities Financing Transaction Regulation n°2015/2365 of 25 November 2015 (“SFTR”) aims to enhance the transparency of markets in securities financing transactions
New transparency rules in Luxembourg: identification of the beneficial ownership of trusts, fiducies and of similar legal arrangements and registration in the register of fiducies and trusts
On 16 October 2019, the European Banking Authority (EBA) issued an Opinion concerning one of the most important features of the Payment Services Directive II (PSD II)
The growth of investment products pursuing of environmental, social and governance (ESG) objectives is well documented, and it is estimated that funds with an ESG component now amount to approximately one quarter of assets managed globally
The world of alternative investment funds was not the primary target of the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) norms.
