Newsletters & Newsflashes

On 31 August 2021, the Commission de Surveillance du Secteur Financier (the “ CSSF”) published a communication update in relation to the requirement to submit liquidation extension request for funds in non-judicial liquidation (the “ Communication”), whereby it informs the market that, effective

The LBR has recently issued a public notice specifying new rules relating to the filing process of documents with the Luxembourg Trade and Companies Register (the “ RCS”). These new rules aim to enhance digitalisation, thereby easing the document-filing process with the RCS. The new procedure will

Since our last newsletter, ESMA has twice updated its Questions and Answers (" Q&As") relating to Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated

On 17 August 2021, the Commission de Surveillance du Secteur Financier (the “ CSSF”) published an updated version of its Frequently Asked Questions concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment schemes (the “ UCITS FAQ”) in order to add a new

On 17 August 2021, the Luxembourg government introduced a draft law amending among others the amended law of 19 December 2008 on inter-administrative and judicial cooperation and the reinforcement of the means of the direct tax authorities ( Administration des contributions directes) (the " ACD")

On 28 July 2021, the Luxembourg Tax Administration (“ LTA”) published Circular L.G.-A n o 67 setting out general guidance on the application of administrative fines in cases of tax fraud, criminal fraud and the cooperation between the tax administration and the judicial authorities (the “ Circular”)

In August 2021, the Luxembourg Stock Exchange (“ LxSE”) published guidelines for the listing of special purposes acquisition companies (“ SPACs“) on its markets, which complement the general admission rules set out in the rules and regulations of the LxSE. The LxSE encourages sponsors and other

Change of Authorisation Process for new UCI and/or new sub-funds In a communiqué of 30 July 2021, the CSSF announced the introduction of a new questionnaire named “ Fund Pre-Inception Readiness Review” to be completed together with the application file relating to the authorisation process of new

The European Commission proposes a new anti-money-laundering draft legislation package to strengthen the EU's anti-money laundering and countering terrorism financing rules On 20 July 2021, the European Commission (“Commission”) presented an ambitious package of legislative proposals to strengthen

On 6 August 2021, ESMA updated its Questions and Answers (“ Q&A”) on the Regulation (EU) No. 596/2014 (the “ Market Abuse Regulation”) to add three new questions regarding disclosure of inside information. With this latest update of the Q&A, ESMA provides further clarity on the implication of the

On 15 July 2021, ESMA issued a public statement (the “ Statement”) providing guidance on prospectus disclosure and investor protection considerations in special purpose acquisition companies (“ SPACs”). Background SPACs are shell companies with no business activity, which are created for the sole

Le projet de loi 7791, visant à clarifier si les règles relatives à l’assistance financière contenues dans la loi luxembourgeoise sur les sociétés commerciales du 10 août 1915, telle que modifiée ( LSC) s'appliquent aux sociétés à responsabilité limitée ( Sàrl), comme expliqué précédemment dans la