BSP Newsletter | October 2018

This newsletter is intended as a general discussion of the following topics: Capital Markets, Corporate, Employment, Fintech, Investment Funds and Tax.

If you would like to know more about the topics covered in this newsletter or our services please contact us.

CAPITAL MARKETS

• Amendment of the Law of August the 1^st 2001 on the Circulation of Securities

CORPORATE

• Law of August 31^st 2018 concerning Societal Impact Companies
• Amendment concerning the Trade and Companies Register
• The Law on Commercial Companies dated August 10^th 1915 as amended | End of Transitory Period

EMPLOYMENT

• New Rules applicable to the Supervision of Employees
• Draft Law on the Time-Saving Account

FINTECH

• Annoucement CSSF - October 4^th 2018

INVESTMENT FUNDS

• Management Companies and AIFMS | CSSF Circular 18/698
• AIFMD | Updated CSSF FAQ
• Money Market Funds | CSSF FAQ
• AIFMD | Updated ESMA Q&A
• Benchmarks Regulation | Updated ESMA Q&A
• Non-UCITS Depositaries | Circular CSSF 18/697
• Application of the UCITS Directive | Updated ESMA Q&A

TAX

• VAT Letting of a Building Qualifies as Involvement in Management of Subsidiary
• Luxembourg Circular on Virtual Currencies
• Mandatory Disclosure of Cross-Border Tax Arrangements by EU Intermediaries - DAC 6
• OECD publishes Discussion Draft on Intra-Group Financial Transactions
• VAT Treatment of a Redemption of Shares in Kind
• Commission concludes that Luxembourg did not grant State Aid to Mc Donalds
• Commission Decision in Engie Fiscal State Aid Case
• ECJ Grand Chamber Judgment on Cross-Border Loss Relief for Permanent Establishements
• Simplified Registration and Collection Mechanisms for Non-Resident Taxpayers
• Distinction between Rental and Commercial Income under Luxembourg Tax Law