In the event of a so-called “Hard Brexit”, these firms and entities will be considered as “third-country entities” meaning they will lose the benefit from passporting rights and therefore be exposed to sanctions if they pursue regulated activities in Luxembourg without a proper authorisation.
Increased shareholder rights equal additional obligations for asset managers and intermediaries
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:
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
The UBO Register Act, which entered into force on 1st March 2019, provides for a six-month transition period to submit information to the UBO Register.
On 2 July 2019, the Luxembourg parliament adopted the bill of law no. 7328 (the “New Prospectus Law”), implementing Regulation 2017/1129/EU of the European Parliament and of the Council of 14 June 2017
Today, the Luxembourg parliament ratified the new double tax treaty signed on 20 March 2018 between Luxembourg and France, which will replace the current double tax treaty dated 1 April 1958.
Today (02.07), the Luxembourg parliament has adopted the final text of the bill of law (the “New Prospectus Law”) implementing into Luxembourg domestic law Regulation (EU) 2017/1129 on the prospectus to be published
Today, the draft law ratifying the double tax treaty ("DTT") signed with France on 20 March 2018 was passed by the Luxembourg Parliament (first parliamentary reading).
0.9% increase of the minimum wage: last step to raise the minimum wage by 100 EUR net with effect from 1st January 2019
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