On 25 February 2022, the Luxembourg Parliament (Chambre des Députés) published an amendment (the “Amendment Law”) to the law of 17 April 2018 that had implemented Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment fund (the “Benchmark Regulation”).
The Amendment Law is aimed at aligning the Luxembourg legislative framework with the amendments introduced to the Benchmark Regulation by Regulation 2021/168 (relating to the designation of replacements for certain benchmarks), Regulation 2019/2175 (relating to the designation of ESMA as the supervisory authority for critical benchmarks) and Regulation 2019/2089 (regarding EU Climate Transition Benchmarks and EU Paris-Aligned Benchmarks).
For further information on the amendments we refer you to our previous newsletter. A coordinated version of the law of 17 April 2018 is available on the website of the CSSF.
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