Jan 28, 2025
BSP Newsletter | January 2025.pdf
(2.01 MB)
If you would like to know more about the topics covered in this newsletter or our services please contact us at marketing@bsp.lu.
FLIP THROUGH THE FLIPBOOK:
Banking & Finance | Capital Markets
- Blockchain IV | New Law adopted
- Luxembourg Draft Law No. 8460 | The new age of instant credit transfers in Luxembourg
- Consumer Credit | CSSF guidelines
- Transparency law | CSSF enforcement priorities
- EU Securitisation Regulation | Recent Updates
- MICA | Recent EU and Luxembourg developments
- Entry into force of Listing Act | Key updates
- DORA | Entry into application
- European Green Bond Label I New regulation for sustainability in Finance
Corporate and M&A
Investment Management
- CSSF feedback on delegation of portfolio management functions by IFMs
- Circular 24/856 I NAV calculation errors: new notification procedure for errors and instances of non-compliance
- CSSF Circular 24/856 I New FAQ on investor protection in case of a NAV calculation error, an instance of non-compliance with the investment rules and other errors at UCI level
- MMF I CSSF Circular 24/866 streamlining data collection for investment funds
- MMF I FAQ updates: Compliance clarifications on WAL, WAM, and liquidity thresholds
- AML/CFT I CSSF Launches 2024 annual questionnaire on financial crime
- AML/CFT I CSSF clarifies asset due diligence rules
- UCI I CSSF FAQs updated
- ESG I Update of CSSF FAQ on SFDR
- ESG I The European Commission issues draft FAQs on EU Taxonomy
- ESG I ESMA Q&A on guidelines on funds' name using ESG or sustainability-related terms
- ELTIF 2.0 I Regulatory technical standards published in the EU Official Journal
- AIFMD I ESMA releases new Q&As on safekeeping and delegation rules
- AIFMD I ESMA consults on technical standards for open-ended loan-originating funds
- Shortening Settlement Cycle in the EU
Tax
- Key changes in the Luxembourg tax landscape for 2025
- VAT I New circular and procedure for the reimbursement of VAT on director fees
- UCI I New circular on tax residency certificates to be issued
- Luxembourg Case Law I Higher Administrative Court rules on the valuation method to be retained for shares received by way of donation
- Double tax treaty I Luxembourg – Oman
- European Court of Justice denies the tax deduction of (arm’s length) interest expenses in the context of a non-genuine arrangement
- EC DAC9 proposal | Exchange of Pillar Two information returns
- VAT I Agreement on VAT in the Digital Age package
- FASTER I Council of the European Union adopts the Directive
- Luxembourg Case Law I Compliance with the principle of adversarial proceedings in relation to fines for tax offences