Latest Newsletters & Newsflashes
Jul 28, 2021Newsflash | Transposition of the directive regarding cross-border distribution of collective investment undertakings into Luxembourg law
On 26 July 2021, the law of 21 July 2021 transposing the directive (UE) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (the “ Directive”) and amending
Jul 14, 2021BSP Newsletter | July 2021
This newsletter is intended as a general discussion of the following topics: Banking & Financial Services, Corporate and M&A, Investment Management, Tax. If you would like to know more about the topics covered in this newsletter or our services, do not hesitate to contact the newsletter contributors or your usual BSP contact.
Jul 12, 2021Court Decision on the concept of acquisition price in relation with contributions to the Account 115
On 11 May 2021, the Lower Administrative Court ( Tribunal administratif) ruled that contributions to the Account 115 should not be taken into account when determining whether the acquisition price of shares necessary to qualify for the participation exemption regime for withholding tax has been
Jul 07, 2021ESG New European Commission package of measures
On the 21 April 2021, the European Commission released a package of measures to help improve the flow of money towards sustainable activities across the European Union, in line with the European Commission Sustainable Finance Action Plan which had already implemented the Taxonomy Regulation, the
Jul 07, 2021Infographic | Direct and indirect tax deadlines for funds
An infographic to summarise fiscal deadlines for funds in Luxembourg.
Jul 07, 2021CSSF updated Q&A | Application of MIFID II
On 10 June 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”) and an updated version of
Jul 07, 2021Money Market Funds | CSSF Communiqué – Reporting Instructions
According to Article 37 of Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (“ MMFR”), the manager of a money market fund (“ MMF”) must report certain information to the competent authority of the MMF. On 4 May 2021, the CSSF published a “
Jul 06, 2021Draft law to implement EU crowdfunding regulation
The purpose of the draft law 7825, submitted to the Luxembourg Parliament ( Chambre des Députés) on 21 May 2021 (the “ Draft Law”), is to operationalise Regulation (EU) 2020/1503 of 7 October 2020 on the European crowdfunding service providers for business (the “ Crowdfunding Regulation”)
Jul 05, 2021The new rules to facilitate cross-border distribution of investment funds
On 21 May 2021, the Luxembourg Parliament ( Chambre des Députés) published an amended version of the Draft Law 7737 transposing the directive (UE) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border
Jul 05, 2021Podcast | AML legal framework applicable to registered alternative investment fund managers
Evelyn Maher and Christoforos Soteriou lead you through the regulatory environment and update you on recent developments. You can listen also on Spotify or on BSP's YouTube channel. Listen to "Episode 1 - AML legal framework applicable to registered AIFMs" on Spreaker. Listen to "Episode 2 - AML
Jul 05, 2021Securitisation Regulation | Update of ESMA's Q&A
On 28 May 2021, ESMA published updates to its Questions and Answers (the “ Q&A”) relating to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation (the “
Jul 01, 2021Newsflash | Holding meetings in companies
EXTENSION While the coronavirus pandemic situation continues to have an impact on the sound governance of companies and other legal entities, the Luxembourg legislator decided to extend the possibility for the companies to hold their general meetings and other necessary meetings without physical