Our publications
BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Oct 25, 2024Sustainable Finance Insights Series - 21 | The CSSF issues Circular CSSF 24/863 applying ESMA Guidelines on funds’ names using ESG or sustainability-related terms
On 21 October 2024, the CSSF issued a Communiqué regarding the ESMA Guidelines on funds’ names (the “Guidelines”) The CSSF issued already a Communiqué on 21 August 2024, announcing the publication of the translated Guidelines in all official EU languages and making their applicability effective from
Oct 07, 2024SFDR I ESA updates and consolidates Q&As
Consolidation of questions and answers on the SFDR On 25 July 2024, the European Banking Authority (“ EBA”), European Securities and Market Authority (“ ESMA”) and the European Insurance and Occupational Pension Authority (“ EIOPA”), published a consolidated questions and answers on the SFDR and
Jul 01, 2024ESG | ESMA issues final report on fund names guidelines
Harmonised criteria for ESG and sustainability terms in fund names The European Securities and Markets Authority (“ ESMA”) has published the final report on fund names guidelines. The aim is to prevent “greenwashing” by ensuring that environmental, social and governmental (“ ESG”) criteria and
May 24, 2024Connecting Synergies Series | AIFMD 2.0 - Clarifications on cross-border depositary services
We are excited to bring to your attention a significant development in AIFMD 2.0 with the introduction of a new provision for depositaries. This update will shed some light on the conditions that must be fulfilled when the depositary delivers its services while being based in a different EU state
Jan 26, 2024ESAs final report on the review of SFDR Delegated Regulation
On 4 December 2023, the European Supervisory Authorities (“ ESAs”) published a final report setting out proposals to amend the draft regulatory technical standards (“ RTS”) to Commission Delegated Regulation 2022/1288 (the “ SFDR Delegated Regulation”). The final report responds to a mandate sent by
Jan 22, 2024ESMA finalises the draft RTS on ELTIF
Background On 19 December 2023, ESMA published a final report on the proposed level 2 regulatory technical standards (the “ Final Report”) for Regulation (EU) 2015/760 of 29 April 2015 on the European Long-term Investment Fund , as amended (the “ ELTIF Regulation”). The amended ELTIF Regulation
Latest Brochures
Feb 12, 2024ELTIF in a nutshell
The ELTIF was created by Regulation (EU) 2015/760 on European Long-term Investment Funds of 19 May 2015 (and effective from 9 December 2015) (the “ ELTIF 1 Regulation”). The European Long-Term Investment Fund (“ ELTIF”) is a type of collective investment framework allowing investors to invest money
Jul 28, 2022RAIF | Reserved Alternative Investment Funds
This leaflet presents a focus on the Reserved Alternative Investment Fund (RAIF), a new and flexible alternative investment vehicle approved by the Law of 23 July 2016, which entered into force on 31 August 2016 (the RAIF Law). The RAIF Law creates a new type of unregulated fund which has many of
Jul 27, 2022Investment Management Brochure
Our new Investment Management practice brochure includes our expertise in this market and all the specificities of investment vehicles in Luxembourg. Our team has a strong and well-established expertise in all areas of investment funds law. At a time of increasing and changing regulation, we ensure
Latest Articles & Books
Apr 12, 2023Mondaq | ESG Comparative Guide
What regulatory regimes and codes of practice primarily govern environmental, social and governance (ESG) regulation and implementation in Luxembourg? Is the ESG framework primarily based on hard (mandatory) law and regulation or soft (eg, ‘comply or explain’) codes of governance? What is the
Sep 30, 2021Delano October 2021 interview | The Nordic market is going to grow
Ahead of the Association of the Luxembourg Fund Industry's roadshow to Scandinavia, Delano spoke with its working group chair, Isabel Høg-Jensen, about the outlook for the Nordic funds markets. "So you are participating in the Alfi roadshow to Copenhagen and Stockholm on 5-6-October?" "Yes both
Jul 26, 2021IFLR | Europe ESG Report - Impact of SFDR on non-EU managers
Isabel Høg-Jensen and Marylou Poncin discuss the impact of the Sustainable Finance Disclosure Regulation on non-EU alternative investment fund managers. The EU Sustainable Finance Disclosure Regulation (SFDR) lays down harmonised rules for financial market participants and firms proving non
Mar 30, 2021AGEFI | La crise du Covid accélère l'agenda ESG
Rencontre avec Isabel Høg-Jensen, Avocat à la Cour, Counsel chez BSP. Le Covid-19 va-t-il selon vous modifier l'intérêt porté aux investissements ESG ? Le règlement sur la publication d'informations en matière de durabilité dans le secteur des services financiers ("SFDR") a-t-il permis une réelle
Oct 16, 2020Chambers T&D | Alternative Funds 2020
The recent international consensus is that integrating environmental, social and governance (ESG) considerations into financial decision-making will lead to increased investment in longer-term and sustainable activities. Sustainable finance takes into account ESG considerations in the process of
Latest Videos
Sep 13, 2023Women in Law Series: Isabel Høg-Jensen
Sep 12, 2023BSP Nordic Desk
Jun 23, 2023Happy Luxembourg National Day