Latest Newsletters & Newsflashes
Jan 29, 2025European Green Bond Label I New regulation for sustainability in Finance
The European Parliament has recently introduced Regulation (EU) 2023/2631 of 22 November 2023 on European Green Bonds (the “ EuGB Regulation”). The EuGB Regulation aims to provide a unified standard for green bond issuance in the EU, supporting both EU and non-EU issuers, public and private entities
Jan 29, 2025DORA | Entry into application
The Digital Operational Resilience Act (Regulation (EU) 2022/2554) (“ DORA” or the " Regulation") entered into application on 17 January 2025. In the final months leading up to this significant milestone , there have been several noteworthy developments aimed at facilitating compliance with DORA, in
Jan 29, 2025MICA | Recent EU and Luxembourg developments
The Markets in Crypto-Assets Regulation (“ MiCAR ”) and the various recent legal and regulatory developments related to MiCAR are contributing to the establishment of a more comprehensive and cohesive legal framework regulating the crypto-asset markets in the EU. In this article, we will summarise
Jan 29, 2025EU Securitisation Regulation | Recent Updates
ESMA feedback statement on consultation on the securitisation disclosure templates under Article 7 On 21 December 2023, ESMA launched a consultation paper (the " Consultation") on the securitisation disclosure templates under Article 7 of the Regulation (EU) 2017/2402 (the " EU Securitisation
Jan 29, 2025Transparency law | CSSF enforcement priorities
On 5 December 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. With this press release, the CSSF highlights
Jan 29, 2025Luxembourg Draft Law No. 8460 | The new age of instant credit transfers in Luxembourg
Since 2017, European banks and other payment service providers (“ PSPs”) have been able to offer instant credit transfer (“ ICT”) services, to their customers (i.e. payment service users (“ PSUs”), that allow them to make euro transfers immediately, 24 hours a day and every day of the year. These
Jan 29, 2025Blockchain IV | New Law adopted
On 19 December 2024, the Luxembourg Parliament ( Chambre des Députés ) voted and adopted the Blockchain Law IV (or the " New Law"), a landmark step in advancing the country’s legal framework for distributed ledger technology (" DLT"). This legislation facilitates the issuance of digital securities
Jan 28, 2025ESG I ESMA Q&A on guidelines on funds' name using ESG or sustainability-related terms
On 13 December 2024, ESMA published Q&As containing further details on specific aspects of the practical application of the Guidelines on funds' names using ESG or sustainability-related terms The Q&As apply to UCITS and AIF and are covering three specific topics: green bonds ( ESMA QA 2368 for
Jan 28, 2025UCI I CSSF FAQs updated
On 19 December 2024 and 2 January 2025, the CSSF has updated its Frequently Asked Questions (“ FAQs”) regarding the Luxembourg Law of 17 December 2010 on undertakings for collective investment (“ UCITS”)(“ the 2010 Law”). New questions were introduced by the CSSF (12.1) providing specific guidance
Jan 28, 2025AML/CFT I CSSF Launches 2024 annual questionnaire on financial crime
The CSSF has announced the 2024 annual AML/CFT questionnaire (the “ 2024 questionnaire”) will be accessible on the eDesk platform from 24 February 2025, with a submission deadline of 4 April 2025. The initiative aims to collect standardised information on money laundering and terrorism financing
Jan 28, 2025ELTIF 2.0 I Regulatory technical standards published in the EU Official Journal
On 25 October 2024, the European Commission adopted Delegated Regulation (EU) 2024/2759, supplementing Regulation (EU) 2015/760 (the “ ELTIF Regulation”) as amended by Regulation (EU) 2023/606 (“ELTIF 2.0"). The new regulatory technical standards (“ RTS”), published in the Official Journal of the EU
Jan 28, 2025AIFMD I ESMA releases new Q&As on safekeeping and delegation rules
ESMA has published two new Q&As under the alternative investment fund managers directive (“ AIFMD”). These updates address safekeeping of client money and delegation of portfolio or risk management to non-supervised undertakings outside the EU, providing clearer regulatory guidance for AIFMs. AIFMs
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