Newsletters & Newsflashes

On October 5 th 2017 ESMA added three new questions to its AIFMD Q&A. Regarding the impact of SFTR on alternative investment funds, ESMA adopts the same approach as for UCITS ( see above). One difference being that for AIFMs, the information have to be disclosed to investors only in each annual

On October 24 th 2017, the CSSF published its first questions and answers on the Markets in Financial Instruments Directive (recast) – Directive 2014/65/EU (“ MiFID II”) and Markets in Financial Instruments Regulation – Regulation 600/2014 (“ MiFIR”) (the “ Q&A”), addressing one issue related to

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On October 20 th 2017 the European Securities and Markets Authority (“ ESMA”) updated its Questions and Answers on Prospectuses (“ Q&A”) aligning them with those provisions of Regulation (EU) 2017/1129 (the “ New Prospectus Regulation”) which are in effect since July 20 th 2017, specifically points

Context On October 10 th 2017, the Council of State commented the draft Grand Ducal Regulation aimed at consolidating the Luxembourg law of August 10 th 1915 on commercial companies, as amended from time to time (the 1915 Law). What happened? In the course of 2016, the Luxembourg Chamber of Deputy