Newsletters & Newsflashes

New technical standards on risk retention requirements for securitisation On 19 October 2023, Commission Delegated Regulation (EU) 2023/2175 of 7 July 2023 was published (the " Delegated Regulation"). The Delegated Regulation supplements the Regulation (EU) 2017/2402 (the (“ EU Securitisation

On 2 November 2023, the CSSF issued circular CSSF 23/844 (the " Circular") aiming to clarify the technical details regarding reporting obligations for Alternative Investment Fund Managers (“ AIFMs”). The Circular repeals the CSSF circular 14/581. Reporting obligations of AIFMs Directive 2011/61/EU

Key takeaways The Luxembourg tax authority published a “frequently asked question” (“ FAQ”) on 7 December 2023 providing guidance on application of the new EU obligations of digital platform operators (Council Directive (EU) 2021/514) on administrative cooperation in the field of taxation

Background On 19 December 2023, ESMA published a final report on the proposed level 2 regulatory technical standards (the “ Final Report”) for Regulation (EU) 2015/760 of 29 April 2015 on the European Long-term Investment Fund , as amended (the “ ELTIF Regulation”). The amended ELTIF Regulation

The Virtual Assets FAQ, a go-to resource for understanding virtual assets in fund management, has seen notable changes in 2023. Here is what you need to know. Revised Question 2 : The New Rulebook for Virtual Asset Investments Question 2 has undergone a significant revamp in 2023. It is not just

Updates on MiFID II and MiFIR On 15 December 2023, ESMA updated their questions and answers (“ Q&A”) on Directive 2014/65/EU of 15 May 2014 on markets of financial instruments (“ MiFID II”) and Regulation (EU) 600/2014 on markets of financial instruments (“ MiFIR”) with respect to the investor

Introduction The use of digital tools by consumers has been increasing at a rapid pace in recent years, including for the conclusion of financial services. It is in this context that the European Commission has taken action to increase consumer protection by updating the EU’s legislative arsenal

Entry into force of new regulation and its purpose On 30 November 2023, Regulation (EU) 2023/2631 of 22 November 2023 on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds (the “ EuGBs Regulation”) was published in the

New technical standards for identification of shadow banking entities On 12 December 2023, Commission Delegated Regulation (EU) 2023/2779 of 6 September 2023 was published (the " New Delegated Regulation"). The New Delegated Regulation supplements Regulation (EU) 575/2013 (the “ Capital Requirements

Background On 8 January 2024, the CSSF published a press release for the attention of issuers of securities subject to the law of 11 January 2008 on transparency requirements for issuers of securities, as amended (the " Transparency Law") and their auditors (the " Press Release"). With this Press

In four rulings dated 17 November 2023, the Luxembourg Constitutional Court answered preliminary questions put to it in disputes involving the municipalities of Leudelange and Niederanven. The question relates to the definition of the concept of “adjusted population” ( population ajustée), which is