Latest Newsletters & Newsflashes
Apr 16, 2024ECJ’S yellow card to FIFA and UEFA
On 21 December 2023, the Court of Justice of the European Union (the “ ECJ”) adopted a ruling, in case C-333/21 European Superleague Company, on the interpretation of Articles 101 and 102 of the Treaty on the Functioning of the European Union ( TFEU). In the ruling, the ECJ held that the Fédération
Apr 16, 2024BSP Newsletter | April 2024
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Apr 16, 2024Credit Servicers Directive | EBA Guidelines on national lists/registers of credit servicers
Article 9 (1) subparagraph 1 of Directive 2021/2167 on credit servicers and credit purchasers (the “ Credit Servicers Directive” or “ CSD”), requires that Member States “ ensure that the competent authorities (CA) establish and maintain at least a list or, where considered more appropriate, a
Apr 16, 2024Market Abuse | ESMA’S Warning re Social Media
On 6 February 2024, ESMA published a warning for people posting investment recommendations on social media (the “ ESMA Warning ”). While aiming to raise awareness on the requirements established by Regulation (EU) 2023/2779 of 6 September 2023 (the “ Market Abuse Regulation” or “ MAR”), it also
Apr 16, 2024MiFID II and MiFIR | Various developments
Updates to ESMA Q&A On 2 February 2024, ESMA updated its questions and answers on MiFIR data reporting. With this update, ESMA updated the list of national client identifiers for natural persons to be used in transaction reports pursuant to the priority specified in Annex II of the Commission
Apr 16, 2024EU Securitisation Regulation | New Delegated Regulation
On 15 February 2024, Commission Delegated Regulation (EU) 2024/584 of 7 November 2023 (the “ New Delegated Regulation ”) amending the regulatory technical standards laid down in Delegated Regulation (EU) 2019/1851 (the “ 2019 Delegated Regulation”) as regards the homogeneity of the underlying
Apr 16, 2024Markets in Crypto Assets (MiCA) | ESMA Q&A and Final Report on RTS/ITS
Updates to ESMA Q&A On 2 February 2024, ESMA has published updated questions and answers regarding Regulation (EU) 2023/1114 of 31 May 2023 on markets in crypto-assets (“ MiCA”). With this update, ESMA confirmed that crypto-asset service providers (“ CASPs”) established between MiCA’s entry into
Mar 25, 2024Newsflash | Pillar Two - The Luxembourg Tax Authorities issue a first FAQ
On 25 March 2024, the Luxembourg Tax Authorities (“ LTA”) published their first FAQ regarding the law of 22 December 2023 on the minimum effective taxation transposing Council Directive (EU) 2022/2523 of 15 December 2022 (the “ Pillar Two Law”). For further insights into the Pillar Two Law, please
Feb 09, 2024Newsflash | Tax measures in favour of the Luxembourg real estate sector
Following the government’s coalition program and recent announcements, the draft bill n° 8353 was filed by the government on 7 February 2024, providing a first package of measures to enhance real estate investments which includes several tax measures. Temporary tax measures applicable for 2024 The
Jan 29, 2024Previously published in Investment Management
Changes to the subscription tax introduced by the law and Grand-Ducal regulation of 21 July 2023 ESMA opinion on undue costs requirements for AIFS and UCITS Update on CSSF circular 21/789 impacting investment fund managers Modification to the FAQ | Submission of closing documents and financial
Jan 29, 2024Previously published in Corporate and M&A
New Luxembourg Draft Law on business concentrations Digitalisation of corporate procedures
Jan 29, 2024Previously published in General Commercial
Court of Justice of the European Union cast shadow over Meta’s business model
Pagination