Application of MiFID to Luxembourg IFMs
11/06/2021
The CSSF clarifies under what circumstances and the extent to which MiFID rules apply to IFMs, their third-party delegates and their investment advisers.
Bank -en Krediet recht
Application of MiFID to Luxembourg IFMs
Modernisation of the Law of 22 March 2004 on securitisation
03/06/2021
A draft Bill of law No. 7825 (the “Bill”) amending the Law of 22 March 2004 on securitisation (the “Securitisation Law”) and certain other laws was submitted to the Luxembourg Parliament on 21 May 2021
Implementation of new EU framework relating to covered bonds
02/06/2021
A draft bill (7822/00) relating to the issuance of covered bonds was recently deposited to implement EU Directive 2019/2162/EU1 into Luxembourg law.
Bill amending the Luxembourg Securitisation Act published
28/05/2021
Bill No 7825 (the Bill), which aims, amongst other things, to amend the Act of 2 March 2004 on securitisation, as amended, was submitted to the Chambre des Députés on 21 May 2021.
Securitisation: a bill of law in favour of greater flexibility
26/05/2021
On 21 May 2021, a bill of law amending the law of 22 March 2004 on securitisation (the “Bill of Law”) was presented to the Chamber of Deputies.
Update on the proposed Non-Performing Loans Secondary Market Directive
21/05/2021
In 2018, the European Commission adopted the proposal for a Directive of the European Parliament and of the Council on credit servicers and credit purchasers (the “Draft Directive”) with the aim of preventing the build-up of NPL’s
Sustainable Finance Disclosure Regulation - navigating implementation
17/05/2021
From 10 March 2021 the Sustainable Finance Disclosure Regulation (SFDR) required Fund and Asset Managers to disclose a significant amount of new information, including how they consider sustainability risks in their investment processes and products
New Retail Investment Strategy for the EU
10/05/2021
Harmonised rules, digital innovation and focus on suitability
Circular CSSF 21/769 – Teleworking in supervised entities
23/04/2021
On 9 April 2021, the CSSF published Circular CSSF 21/769 regarding governance and security requirements for Supervised Entities (as defined below) to perform tasks or activities through Telework (as defined below) (“Circular 21/769”).
CSSF circular on governance and security requirements for teleworking
13/04/2021
On 9 April 2021, the Commission de Surveillance du Secteur Financier (the « CSSF »), the Luxembourg financial supervisory authority, adopted a circular 20/769 on governance and security requirements for supervised entities to perform tasks
