Latest Newsletters & Newsflashes
Oct 16, 2023Previously published in Investment Management
UCIs and virtual assets | CSSF FAQ SFDR data collection for Luxembourg investment funds | update ESMA updated Q&A on the application of the AIFMD Revitalizing EU capital markets: new rules for retail investors Navigating the path to ESG transparency: joint consultation paper on review of SFDR
Oct 16, 2023Previously published in Employment, Compensations & Benefits
New Directive on transparency and equal pay for men and women Adoption of the Law introducing into the labour code a right to disconnect
Oct 16, 2023Previously published in Corporate and M&A
Enterprises' duty of care with regard to sustainability
Oct 16, 2023Previously published in General Commercial
General Court of the EU reaffirms primary substantive right of access to documents
Oct 16, 2023Previously published in Banking & Financial Services | Capital Markets
Sustainable finance | CSSF supervisory priorities Markets in crypto-assets (MICA) | EU framework DLT | Most recent developments Crowdfunding Regulation | New ESMA Q&A MiFID II and MiFIR | ESMA guidelines and FAQ
Oct 16, 2023Digitalisation of corporate procedures
The law of 14 July 2023 , transposing Directive (EU) 2019/1151 20 June 2019 amending Directive (EU) 2017/1132 (the " Directive") as regards the use of digital tools and processes in company law (the " Law") was published in the Luxembourg Official Gazette ( Journal Officiel) on 18 July 2023 and
Oct 16, 2023Secondary residence | Introduction of tax benefits
On 18 July 2023, a draft law introducing the concept of secondary residence into Luxembourg tax law and suggesting that certain tax benefits applicable to principal residences be extended to secondary residences (the “ Draft Law”) has been submitted to the Luxembourg Parliament ( Chambre des Députés
Oct 16, 2023ESMA | Public statement on sustainability disclosure in prospectuses
On 11 July 2023, ESMA issued a public statement on the sustainability disclosure expected to be included in prospectuses in order to satisfy the requirements of Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to
Oct 16, 2023Luxembourg starts transposition of the Pillar Two Directive
On 4 August 2023, the Luxembourg government introduced to the parliament the Draft Law (the “ Pillar Two Draft Law” or the “ Draft Law”) to transpose Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large
Oct 16, 2023Amendments to the Luxembourg - Germany double tax treaty signed on 6 July 2023
On 20 September 2023, the Luxembourg government submitted to the Luxembourg Parliament ( Chambre des Députés) draft law No. 8311, aiming to ratify the amending protocol to the double tax treaty between Luxembourg and Germany (the “ DTT”), as agreed and signed on 6 July 2023 in Berlin (the “ Draft
Oct 16, 2023Modernization of Luxembourg accounting legislation
Luxembourg government introduced to the Luxembourg Parliament ( Chambre des Députés) on 31 July 2023 a draft law to modernize the Luxembourg accounting legislation (the “ Draft Law”). The Draft Law intends to clarify and consolidate general accounting legislation, currently spread in several
Oct 13, 2023Modification to the FAQ | Submission of closing documents and financial information by managers
On 28 July 2023, the CSSF published In changes to the frequently asked questions regarding the submission of closing documents and financial information by managers (the “ FAQ”). This article provides a succinct summary of the key changes, tailored for a quick review. Context The FAQ provide certain