Latest Newsletters & Newsflashes
Apr 16, 2024Markets in Crypto Assets (MiCA) | ESMA Q&A and Final Report on RTS/ITS
Updates to ESMA Q&A On 2 February 2024, ESMA has published updated questions and answers regarding Regulation (EU) 2023/1114 of 31 May 2023 on markets in crypto-assets (“ MiCA”). With this update, ESMA confirmed that crypto-asset service providers (“ CASPs”) established between MiCA’s entry into
Mar 25, 2024Newsflash | Pillar Two - The Luxembourg Tax Authorities issue a first FAQ
On 25 March 2024, the Luxembourg Tax Authorities (“ LTA”) published their first FAQ regarding the law of 22 December 2023 on the minimum effective taxation transposing Council Directive (EU) 2022/2523 of 15 December 2022 (the “ Pillar Two Law”). For further insights into the Pillar Two Law, please
Feb 09, 2024Newsflash | Tax measures in favour of the Luxembourg real estate sector
Following the government’s coalition program and recent announcements, the draft bill n° 8353 was filed by the government on 7 February 2024, providing a first package of measures to enhance real estate investments which includes several tax measures. Temporary tax measures applicable for 2024 The
Jan 29, 2024Previously published in Investment Management
Changes to the subscription tax introduced by the law and Grand-Ducal regulation of 21 July 2023 ESMA opinion on undue costs requirements for AIFS and UCITS Update on CSSF circular 21/789 impacting investment fund managers Modification to the FAQ | Submission of closing documents and financial
Jan 29, 2024Previously published in Corporate and M&A
New Luxembourg Draft Law on business concentrations Digitalisation of corporate procedures
Jan 29, 2024Previously published in General Commercial
Court of Justice of the European Union cast shadow over Meta’s business model
Jan 29, 2024Previously published in Banking & Financial Services | Capital Markets
ESMA | Public statement on sustainability disclosure in prospectuses EU Securitisation Regulation – ESMA | Updated Q&A Draft Law No. 8291 on the digital operational resilience of the financial sector MiFID II and MiFIR | ESMA and CSSF updates Virtual Asset Service Providers | New CSSF Q&A
Jan 26, 2024Previously published in Tax
CJEU judgement on VAT treatment of directors’ fees ECJ Rules in favour of Amazon in State aid case The minimum net wealth tax rules for holding companies ruled unconstitutional EC Proposal for a Transfer Pricing Directive Directive proposal establishing a head office tax system for SMEs in Europe
Jan 26, 2024Previously published in Employment, Compensations & Benefits
New provisions in favor of highly qualified third-country workers Social Elections 2024: are you ready?
Jan 26, 2024CSSF 2023 Survey on Financial Crime
In a press release dated 22 November 2023, the CSSF announced its 2023 Financial Crime Survey (" 2023 Survey") will start on 19 February 2024. Scope of application All financial professionals and entities subject to the supervision of the CSSF are required to participate in the 2023 Survey. The aim
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 25, 2024Recap on the entry into force of the EU Foreign Subsidies Regulation
Introductory note Regulation 2022/2560 on foreign subsidies distorting the internal market was adopted on 23 December 2022 and entered into force on 12 July 2023 (the " Regulation"). Nonetheless, certain of its provisions, relating, in particular, to the involvement of national officials in