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Droit financier


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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Brexit: important clarifications published by the CSSF

Brexit: important clarifications published by the CSSF
19/07/2019

The CSSF has published on 15 July 2019 two press releases concerning mandatory notifications for UK firms as well as for UCIs and their managers in the context of Brexit.

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Investment Funds - Brexit - CSSF 12 Month Transitional Period for Uk Funds, Aifms and Management Companies

Investment Funds - Brexit - CSSF 12 Month Transitional Period for Uk Funds, Aifms and Management Companies
19/07/2019

In April 2019 two Luxembourg laws (the “Brexit Laws”) were published in anticipation of the United Kingdom's exit from the European Union without any withdrawal agreement on 31st October 2019 (the "Hard Brexit")

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CSSF on mandatory notifications in a no-deal Brexit context

CSSF on mandatory notifications in a no-deal Brexit context
18/07/2019

Following the publication of Luxembourg laws of 8 April 2019[1] (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF) has issued two press releases aimed

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Draft Law 7349 – concerning ELTIF, EuVECA and EuSEF and amending the RAIF Law

Draft Law 7349 – concerning ELTIF, EuVECA and EuSEF and amending the RAIF Law
12/07/2019

Draft Law No. 7349 was adopted by the Luxembourg Parliament on 11 July 2019 (the “Law”) and implements into domestic law certain provisions of the following regulations:

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CSSF is looking at the impact of the PRIIPs Regulation on Luxembourg-regulated investment funds

CSSF is looking at the impact of the PRIIPs Regulation on Luxembourg-regulated investment funds
11/07/2019

On 1 July 2019, the CSSF issued Press Release 19/28 (Communication regarding PRIIPs assessment) (the “Press Release”) whereby the CSSF requires all SIFs, Part II UCIs and SICARs

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EMIR Refit – Key Changes

EMIR Refit – Key Changes
27/06/2019

On 28 May 2019, EMIR Refit, the Regulation (EU) 2019/834 of 20 May 2019 amending Regulation (EU) 648/2012, was published in the Official Journal of the European Union. The date of entry into force is 17 June 2019.

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Fund finance lending: a practical checklist

Fund finance lending: a practical checklist
20/06/2019

In this chapter we have tried to set out some of the key issues that a lender and its counsel need to consider when entering into a typical subscription (or capital call) finance transaction. 

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ESMA updates AIFMD and UCITS Q&A

ESMA updates AIFMD and UCITS Q&A
11/06/2019

The European Securities and Markets Authority (ESMA) has published and updated version of its questions and answers (Q&A) documents related to the application of the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for the Collective Investment in Transferable Securities (UCITS ) Directive.

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Third country firms providing investment services on a cross-border basis – challenging times

Third country firms providing investment services on a cross-border basis – challenging times
31/05/2019

One of the consequences of the implementation of MiFID II into Luxembourg law is the creation of a new regime for third country firms providing investment services. 

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