Newsletters & Newsflashes

The law of February 13 th 2018 (“ AMLD Law”) which entered into force on February 18 th 2018 has now implemented most of the outstanding provisions of the 4 th Anti-Money Laundering Directive (“ 4th AML Directive”) into Luxembourg Law. This law introduces amendments to the Luxembourg Law of November

WHAT? By definition, a cryptocurrency or virtual currency ( VC) is a digital or virtual representation of value using cryptography to secure its transactions. Contrarily to centralised electronic money and traditional/fiat currencies ( central banking system), cryptocurrencies use decentralized

This newsletter is intended as a general discussion of the following topics: Banking & Finance, Capital Markets, Corporate, Investment Funds and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML Beneficial Ownership Registers |

On December 8 th 2017, the Luxembourg tax authorities issued the new circular L.G.-A. No. 61 (replacing the previous Circular dated February 12 th 2015, please see our previous newsletter dated March 2 nd 2015) which aims to cover the procedure applicable to the request of tax residency certificates

As a reminder, as from January 1 st 2018, all entities advising on or selling a packaged retail and insurance-based investment product ( PRIIP) to retail investors in the European Union are required to deliver a PRIIP compliant KID to their retail investors before any investment. Regarding the

The CSSF’s updated UCITS FAQ and the CSSF press release 18/02 dated January 5 th 2018 relate to the deletion of section 1.4 of the UCITs FAQ which stated that “ Non-UCITS ETFs are eligible investments for UCITS if they effectively comply with all criteria of Articles 2(2) and 41(1)(e) of the Law

The Grand-ducal Regulation of December 21 st 2017 relating to the fees to be levied by the CSSF (the “ New Grand-ducal Regulation”) entered into force as of January 1 st 2018 and has created a number of changes to the fees levied on investment fund vehicles and management companies. In general

The Luxembourg Stock Exchange has revised for the third time in eleven years the X Principles of Corporate Governance (the “ X Principles”), this time to include a new Principle 9 on corporate social responsibility (CSR) and to integrate Principle 6 ( Evaluation of the performance of the Board) in

On April 5 th 2017, the European Parliament approved the Regulation (EU) 2017/1131 of June 14 th 2017 on Money Market Funds (the “ MMF Regulation”). The MMF Regulation enters in effect on July 21 st 2018. On January 15 th 2018 the European Commission, in preparation for the introduction of full

En date du 17 janvier 2018, la Chambre des députés a voté la loi portant sur le bail commercial et modifiant le Code civil, dont le projet avait été déposé en date du 3 septembre 2015 par Monsieur le Ministre de l’Economie. Jusqu’à présent, au Grand-Duché de Luxembourg le bail commercial était

As indicated in a previous newsflash, the Grand Ducal Regulation dated December 5 th 2017 (the GDRL) coordinating the amended law dated August 10 th 1915 on commercial companies (the Company Law) came into force on December 19 th 2017 completely modifying the numbering of the Company Law. The

On January 23 rd 2018 the CSSF published CSSF Circular 18/679 which amends CSSF Circular 08/337 (the “ CSSF Transparency Circular”) regarding the Luxembourg Law of January 11 th 2008 and the Grand-ducal Regulation of January 11 th 2008 on transparency obligations of issuers (as amended). There were