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Financieel recht


MiFID II: Third country (national) regime – a first list of

MiFID II: Third country (national) regime – a first list of "equivalent" jurisdictions and territorial scope clarification by the CSSF
10/07/2020

On 1st July 2020, the CSSF released its Circular 20/743, thereby partially amending Circular letter 19/716. On the same day, the CSSF also enacted Regulation CSSF 20-02, thereby setting up a first list of "equivalent" jurisdictions under the national third country regime

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CSSF publishes two important texts on the provision of investment services in Luxembourg by third country investment firms

CSSF publishes two important texts on the provision of investment services in Luxembourg by third country investment firms
06/07/2020

On 2 July 2020, the Commission de Surveillance du Secteur Financier (the “CSSF”) published two important texts for third country firms providing investment services or the carrying out of activities and ancillary services in Luxembourg:

 

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EU Parliament adopts Taxonomy Regulation

EU Parliament adopts Taxonomy Regulation
06/07/2020

In recent years the European Union has paid increasing attention to sustainability in its policy- making particularly in the financial sector

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Clarifications of the rules governing the provision of investment services or performance of investment activities in Luxembourg by third country firms

Clarifications of the rules governing the provision of investment services or performance of investment activities in Luxembourg by third country firms
04/07/2020

On 1 July 2020, the Luxembourg supervisory authority (the Commission de Surveillance du Secteur Financier - CSSF) issued the circular n°20/743 (the Circular) amending the existing CSSF circular 19/716 on the provision of investment services 

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CSSF clarification on triggers for licence requirements in Luxembourg

CSSF clarification on triggers for licence requirements in Luxembourg
03/07/2020

A new CSSF Circular 20/743 provides more clarification on third country firms providing investment services or performing investment activities.

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CSSF publishes list of third country equivalent jurisdictions

CSSF publishes list of third country equivalent jurisdictions
03/07/2020

In the absence of an equivalence decision published by ESMA pursuant to MiFID II, the CSSF has the power to adopt its own equivalence decision.

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Certain deadlines extended by financial sector laws during the crisis

Certain deadlines extended by financial sector laws during the crisis
03/07/2020

On 7 May 2020, the Luxembourg Parliament adopted a new law extending certain deadlines during the crisis as provided for in various financial sector laws (the Law). The Law was published in the Luxembourg Official Gazette on 12 May 2020 and entered into force on the same day.

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EP10 - COVID-19: Recommendations of the European Systemic Risk Board by Mark Shaw

EP10 - COVID-19: Recommendations of the European Systemic Risk Board by Mark Shaw
11/06/2020

In this 10th episode, Partner Mark Shaw talks about some recommendations of the European Systemic Risk Board in the wake of the COVID-19 pandemic. They focus on real estate and debt funds, but they are flagging issues relevant to all asset managers, so the recommendations are worth considering in a broader context.

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Episode 9 - COVID-19 Webcast - Focus on Market Abuse During the COVID-19 Pandemic

Episode 9 - COVID-19 Webcast - Focus on Market Abuse During the COVID-19 Pandemic
25/05/2020

This is the ninth episode of our COVID-19 webcast series. In this episode Partner Mark Shaw wants to talk more about market abuse during the COVID-19 pandemic. While, on the whole, markets are very much down as a result of COVID-19, there are a number of companies in the biotech sector looking at vaccines against the SARS-CoV-2 virus and cures for COVID-19 that have the potential to make investors extremely rich. As such, there has probably never been a greater incentive to commit market abuse.

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Wildgen Webcast - Company Groups in Times of Financial Distress: Introduction

Wildgen Webcast - Company Groups in Times of Financial Distress: Introduction
18/05/2020

Is your group of companies faced with challenges in these difficult times? Dr. Thomas Biermeyer, specialised in corporate law and restructuring, launched a series of webcasts on the topic of company groups in times of financial distress.

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