On May 15th 2018 the Luxembourg law transposing Directive 2014/65/EU on markets in financial instruments (“MiFID II”) and Article 6 of the related Delegated Directive EU 2017/593 and implementing Regulation 600/2014 (“MiFIR”), was adopted by the Luxembourg Parliament (the “New Law”). The New Law dated May 30th 2018 was published in the Luxembourg Mémorial A under number 446 on May 31st 2018.
Part I of the New Law relates to markets in financial instruments and repeals and replaces the law of 13 July 2007 on markets in financial instruments (with the exception of Article 37 thereof relating to an official listing). Part II of the New Law significantly modifies the law of 5 April 1993 on the financial sector and also makes some small modifications to other financial laws including the law of 5 August 2005 on financial collateral arrangements.
We refer you to our previous articles on the New Law while it was still in draft form, in our October 2017 Newsletter and our February 2018 Newsletter.
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