On 22 December 2021, a new Grand Ducal Regulation on the fees levied by the CSSF was published in the Mémorial A. It applies as from 1st January 2022.
On 22 December 2021, the Commission de Surveillance du Secteur Financier (“CSSF”) published three new circulars dated 17 December 2021 effectively reforming the Long Form Report:
Luxembourg intends to introduce a national mechanism for the ex-ante screening of each foreign direct investment (“FDI”) into critical activities. Foreign, direct and controlling investments into critical infrastructure (energy, transport, water, public health) and into critical technologies
On 20 December 2021, the law of 17 December 2021 (the “Law”) was published in the Official Journal of the Grand-Duchy of Luxembourg
On 29 November 2021, the CSSF provided guidance to the industry with respect to virtual assets, by publishing a Communiqué (the “Statement”) and frequently asked questions for undertakings for collective investments
The main disclosure requirements under the Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR) are applicable since 10 March 2021. Draft Regulatory Technical Standards (RTS) complementing
The EU Regulation on the establishment of a framework to facilitate sustainable investment (the "Taxonomy Regulation") was published in the Official Journal on 22 June 2020.
On 25 November 2021 the European Commission adopted a package of measures to ensure better data access and revamped investment rules. The adopted package of measures also contains a proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 600/2014 (“MiFIR”)
On 2 December 2021, a CSSF press release on regulatory requirements and fast track procedure in relation to Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investments (the so called “Taxonomy Regulation” “TR”)
On 29 November 2021, the Commission de Surveillance du Secteur Financier (the “CSSF”), the Luxembourg financial supervisory authority, published its guidance on virtual assets (the “Guidance”) along with frequently asked questions (“FAQ”).
